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25In respect of any securities of a company which are comprised in the factory estate, to concur, as if the judicial factor was entitled to the securities beneficially, in any scheme or arrangement for—
(a)the reconstruction of the company,
(b)the sale of the property and undertaking of the company, or any part of that property and undertaking, to another company,
(c)the acquisition of the securities of the company, or of control of those securities, by another company,
(d)the amalgamation of the company with another company, or
(e)the release, modification or variation of any rights, privileges or liabilities attached to the securities or any of the securities.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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