Companies Act 2006 (c. 46)

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Part 18 U.K.Acquisition by limited company of its own shares

Modifications etc. (not altering text)

C1Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2

Chapter 4U.K.Purchase of own shares

Supplementary provisionsU.K.

704No assignment of company's right to purchase own sharesU.K.

The rights of a company under a contract authorised under—

(a)section 694 (authority for off-market purchase), or

(b)section 701 (authority for market purchase)

are not capable of being assigned.