Chwilio Deddfwriaeth

Chwiliad Uwch

Aircraft and Shipbuilding Industries Act 1977

Status:

Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

3(1)Subject to sub-paragraph (2) below, there shall be paid to the transferor, by way of compensation for the property and rights vested or transferred in pursuance of the Schedule 4 notice, such amount as they might have been expected to realise if—

(a)they had been sold on the acquisition date in the open market by a willing seller to a willing buyer, and

(b)in calculating the price for which they were to be sold, any charges to which they were subject had been disregarded, and

(c)in so far as they comprised a business capable of being sold as a going concern, they had been so sold, and

(d)this Act had not been passed.

(2)In any case where the property and rights vested or transferred in pursuance of a Schedule 4 notice constitute the whole or any part of the undertaking of a company which by virtue of section 27(2)(a)(ii) or (iii) above does not come into public ownership, the compensation payable under this paragraph shall not exceed the amount of compensation which would have been due under section 35 of this Act in respect of the securities of that company if it had remained an acquired company.

(3)Any question as to the amount of compensation to be paid under this paragraph shall, in default of agreement between the Corporation concerned and the transferor, be determined by arbitration under this Act.

Yn ôl i’r brig

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