88 Transfers of interests in certain companies: provisions supplemental to sections 84 to 87
Railways Act 1993 (1993 c 43) | Legislation

88  Transfers of interests in certain companies: provisions supplemental to sections 84 to 87

(1)ÌýÌýÌýÌý Where the Secretary of State gives the Board directions—

(a)ÌýÌýÌýÌý under section 84 above, with respect to the formation of a wholly owned subsidiary of the Board, and

(b)ÌýÌýÌýÌý under section 85 above, with respect to the making of a scheme for the transfer of anything to that wholly owned subsidiary,

the wholly owned subsidiary of the Board shall remain such until the transfer under the scheme has taken effect.

(2)ÌýÌýÌýÌý Where the Secretary of State gives the Board directions under section 85 above with respect to the making of a scheme for the transfer of anything to a company which is wholly owned by the Crown, that company shall remain wholly owned by the Crown until the transfer under the scheme has taken effect.

(3)

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