CTHRepealedAct
Pipeline Authority Act 1973
33MIssue of shares in receiving subsidiary to Authority in relation to transferring business
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#### 33M Issue of shares in receiving subsidiary to Authority in relation to transferring business
(1) On the day on which the receiving subsidiary is given the notice under subsection 33L(1), the receiving subsidiary must, subject to subsection (2), issue shares in the receiving subsidiary to the Authority.
(2) The shares issued to the Authority are taken to have been fully paid up and to have been issued for valuable consideration.