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28To such extent as the judicial factor considers appropriate—
(a)to exercise any conditional or preferential right to subscribe for any securities in a company,
(b)to apply capital of the factory estate in payment of the consideration for such subscription,
(c)to retain the securities for any period for which the judicial factor has power to retain the holding in respect of which the right to subscribe was offered (but subject to any conditions subject to which the judicial factor has that power),
(d)to renounce any such conditional or preferential right, or
(e)to assign to any person (including any person with an interest in the factory estate), for the best consideration that reasonably can be obtained the benefit of, or title to, any such conditional or preferential right.
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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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