Statute
Section 436 — Finance Act 2003: “ Convertible securities ”
Text of the provision Official document
“ Convertible securities ” 436 For the purposes of this Chapter securities are convertible securities if—
a they confer on the holder an immediate or conditional entitlement to convert them into securities of a different description, b a contract, agreement, arrangement or condition authorises or requires the grant of such an entitlement to the holder if certain circumstances arise, or do not arise, or c a contract, agreement, arrangement or condition makes provision for the conversion of the securities (otherwise than by the holder) into securities of a different description.
Official source: legislation.gov.uk
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