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COMPANIES (AMENDMENT) ACT (NORTHERN IRELAND) 1963 - SECT 7

Power of Crown to disclaim title to property vesting under s.6.

7.(1) Where any property vests in the Crown under section 6 of the Crown's
title thereto under that section may be disclaimed by a notice signed by the
Treasury Solicitor.

(2) Where a notice of disclaimer under this section is executed as respects
any property, that property shall be deemed not to have vested in the Crown
under section 6, and sub-sections (3), (7) and (8) of section 291 of the Act
of 1960 and section 4 shall apply in relation to the property as if it had
been disclaimed under section 291 (1) of the Act of 1960 immediately before
the dissolution of the company.

(3) The right to execute a notice of disclaimer under this section may be
waived by or on behalf of the Crown either expressly or by taking possession
or other act evincing that intention.

(4) A notice of disclaimer under this section shall be of no effect unless it
is executed within twelve months of the date on which the vesting of the
property as aforesaid came to the notice of the Treasury Solicitor, or, if an
application in writing is made to the Treasury Solicitor by any person
interested in the property requiring him to decide whether he will or will not
disclaim, within a period of three months after the receipt of the application
or such further period as may be allowed by the court which would have had
jurisdiction to wind up the company if it had not been dissolved.

(5) A statement in a notice of disclaimer of any property under this section
that the vesting of the property came to the notice of the Treasury Solicitor
on a specified date or that no such application as aforesaid was received by
him with respect to the property before a specified date shall, until the
contrary is proved, be sufficient evidence of the fact stated.

(6) A notice of disclaimer under this section shall be delivered to the
registrar of companies for registration, and copies thereof shall be published
in the Belfast Gazette and sent to any persons who have given the Treasury
Solicitor notice that they claim to be interested in the property.

(7) This section shall apply to property vested in the Crown as aforesaid at
the passing of this Act, and where the vesting came to the notice of the
Treasury Solicitor more than six months before that passing notice of
disclaimer under this section may (except where an application is made to him
under sub-section (4)) be executed at any time within six months thereafter.

© 1963 Crown Copyright

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