Harbours Act 2015
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Payment of dividends by transferred company | ||
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17. (1) All amounts representing dividends or other moneys received by a local authority in respect of shares held by it in the share capital of a transferred company shall be disposed of for the benefit of the local authority in such manner as the elected council may by resolution decide. | ||
(2) This section is without prejudice to any provision of an agreement entered into under section 9 . |