Schedule 1, Paragraph (7) · Stock Transfer Act 1982

Contents

(7)

(1)Securities issued by—

(a)any local authority in the United Kingdom;

(b)any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom; or

(ba)any police and crime commissioner.

(bb). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)the Receiver for the Metropolitan Police District.

(2)In sub-paragraph (1) above “local authority” means—

(a)any of the following authorities in England and Wales, namely, the Greater London Authoritya county council . . . ^note, a district council, a London borough council, the Common Council of the City of London , a functional body (within the meaning of the Greater London Authority Act 1999), . . . ^note a joint authority established by Part IV of the Local Government Act 1985, an economic prosperity board established under section 88 of the Local Democracy, Economic Development and Construction Act 2009, a combined authority established under section 103 of that Act , a combined county authority established under section 9(1) of the Levelling-up and Regeneration Act 2023^note... or the Council of the Isles of Scilly;

(b)any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994

(c)a council, within the meaning of the ^noteLocal Government Act (Northern Ireland) 1972;

and any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).

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