5 Transfer and allotment of securities

5  Transfer and allotment of securities

(1)     If—

(a)     any securities to which this section applies are transferred by or on behalf of an enemy, or

(b)     any such securities, being securities issued by a company within the meaning of the Companies Act 1929, or any corresponding enactment in force in Northern Ireland, are allotted or transferred to, or for the benefit of, an enemy subject without

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