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ukpga/1975/43
ukpga/1975/43 — British Leyland Act 1975 (repealed 5.11.1993)
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British Leyland Act 1975 (repealed 5.11.1993)
1975 c. 43
Acquisition of shares.
1
1
The Secretary of State may, with the consent of the Treasury, acquire shares—
a
in British Leyland Motor Corporation Limited; and
b
in any company formed for the purpose of acquiring shares in British Leyland Motor Corporation Limited.
2
The aggregate of—
a
the sums paid by the Secretary of State for shares acquired under this Act; and
b
the liabilities of the Secretary of State under agreements to acquire shares under this Act;
shall not exceed £265 million.
3
Any expenditure incurred by the Secretary of State in persuance of this Act shall be defrayed out of moneys provided by Parliament.
Short title.
2
This Act may be cited as the British Leyland Act 1975.