Offshore Petroleum and Greenhouse Gas Storage Act 2010
490Transfer of securities
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490 Transfer of securities
If—
(a) a security is in force in relation to—
(b) a transfer of the permit, lease or licence is registered under section 572—
(c) the interest of the transferor in the security is, by force of this section, transferred to the transferee; and
(d) a document setting out or relating to the security has effect, after the transfer, as if a reference in the document to the transferor were a reference to the transferee.