HC Deb 04 June 1986 vol 98 c1012

Amendments made: No. 129, in page 52, line 44, leave out 'by means' and insert 'or otherwise in its possession by virtue'.

No. 130, in page 52, line 44, at end insert— '(2A) A disposal of assets in pursuance of a prohibition order shall vest the assets in the transferee but without prejudice to any claim against the society by a person who had an interest in the assets.'.

No. 131, in page 54, line 3, at end insert— `(10A) The requirement of subsection (10) is satisfied by serving a copy on each director whose appointment has been officially notified and the non-receipt of a copy by a director or the chief executive does not affect the validity of the direction.'.

No. 132, in page 54, line 4, after '(11)', insert `Subject to subsection (11A) below,'.

No. 133, in page 54, line 5, at end insert— '(11A) The Commission may suspend or revoke a prohibition order so far as it relates to an asset the disposal of which appears to it, on the application of the society, to be impracticable.'. —[Mr. Ian Stewart.]

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