NSWIn ForceAct
Freight Rail Corporation (Sale) Act 2001
18Shareholding in sale company
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18 Shareholding in sale company
18 Shareholding in sale company
Until the shares in the sale company are transferred to FreightCorp’s purchaser under this Part:
(a) the shareholders in the sale company hold their shares for and on behalf of the State, and
(b) the Treasurer may act for or on behalf of the shareholders in connection with their rights, privileges, benefits, duties, liabilities and obligations as holders of shares in the sale company.