Vesting of property, etc., of British Aerospace in a company nominated by the Secretary of State
1. Vesting of property, etc., of British Aerospace in a company nominated by the Secretary of State.
2. Cancellation of certain Government investment in British Aerospace.
3. Initial Government shareholding in the successor company.
4. Financial structure of the successor company and its subsidiaries.
5. Government investment in shares and securities of the successor company.
6. Exercise of Secretary of State’s functions under sections 3 and 5 through nominees.
7. Target investment limit for Government shareholding under sections 3 and 5.
8. Liability of the successor company for defaulting subsidiary where cause of action arose before appointed day.
9. Liability of Secretary of State in respect of obligations vesting in the successor company by virtue of section 1, etc.
10. Dissolution of British Aerospace and transitional provisions.
SCHEDULES