29 Reverse share transfer [orders]
Banking Act 2009 (2009 c 1) | Legislation

29  Reverse share transfer [orders]

(1)     This section applies where the Treasury have made a share transfer order in accordance with section 13(2) (“the original order”) providing for the transfer of securities issued by a bank to a person (“the original transferee”).

(2)     The Treasury may make one or more reverse share transfer orders in respect of securities issued by the bank and held by the original transferee (whether or not they were transferred by the original order).

(3)     If the

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