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Amendments made: No. 46, in page 22, line 32, leave out
'a person associated with the acquired company'
and insert:
'an associated person'.
§ No. 47, in page 22, line 39, leave out 'associated with the company' and insert 'an associated person'.
§
No. 48, in page 22, leave out lines 41 to 43 and insert:
',assuming the debtor not to be the subsidiary of any company, to be such as to require the issue to the lender by the debtor of securities within the meaning of section 19(5) above,'.
§ No. 49, in page 22, line 44, leave out '12' and insert '9'.
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No. 50, in page 23, line 3, leave out from 'treated' to end of line 4 and insert
'as a security of the acquired company for the purposes of vesting and compensation'.
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No. 51, in page 23, line 4, at end insert:
'(1A) Subject to subsection (3A) below, where a notice is served under subsection (1) above, no person—
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No. 52, in page 23, line 5, leave out from 'Where' to 'served' in line 6 and insert:
'such a notice is served, the person on whom it is'.
§ No. 53, in page 23, line 7, leave out 'two' and insert '3'.
920
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No. 54, in page 23, line 16, leave out from 'partly' to 'they' in line 18 and insert:
'as a security of the acquired company for the purposes of vesting and compensation'.
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No. 55, in page 23, line 20, at end insert:
'(3A) To the extent that, by reason of the revocation or amendment of a notice by virtue of subsection (3) above, a debt does not fall to be treated as a security of an acquired company, subsection (1A) above shall cease to apply to it on the date when the notice is revoked or amended.'.
§ No. 56, in page 23, line 38, leave out 'applies' and insert 'has effect'.
§ No. 57, in page 24, line 33, leave out subsection (8).
§ No. 58, in page 25, line 1, leave out subsection (9).—[Mr. Les Huck field.]