Gas Act 1976

F23[Conversion of capital stock into company shares.


7D. If further legislation is enacted after the passing of this Act to reconstitute the Board as a company, then the capital stock shall be converted into ordinary share capital in the company in a manner so that the new share holdings in the company equate with the capital stock holdings in the Board immediately before the reconstitution of the Board as a company.]




Inserted (24.12.2006) by Energy (Miscellaneous Provisions) Act 2006 (40/2006), s. 16, commenced on enactment.