SCHEDULES

SCHEDULE 8Enfranchisement by company: amendments

Land Compensation Act 1973 (c. 26)

1(1)Section 12A of the Land Compensation Act 1973 (tenants participating in collective enfranchisement or entitled to individual lease extension) is amended as follows.

(2)In subsection (2)(b)—

(a)in sub-paragraph (i), for “participating tenant in relation to” substitute “participating member of a RTE company which is making”, and

(b)in sub-paragraph (ii), for the words from “one” to “made” substitute “a member of a RTE company which has made an acquisition”.

(3)In subsection (4), for “nominee purchaser” substitute “RTE company”.

(4)In subsection (9), for paragraph (b) substitute—

(b)“participating member” and “RTE company” have the same meanings as in Chapter 1 of Part 1 of that Act; and

(c)the reference to the making of an acquisition by a RTE company shall be construed in accordance with section 38(2) of that Act.