140 Interests to be disregarded: employer's rights of recovery under pension scheme or employees' share scheme
140 Interests to be disregarded: employer's rights of recovery under pension scheme or employees' share scheme
Companies Act 2006 | Legislation

(1)     Where shares in a company are held on trust for the purposes of a pension scheme or employees' share scheme, there shall be disregarded for the purposes of section 138 any charge or lien on, or set-off against, any benefit or other right or interest under the scheme for the purpose of enabling the employer or former employer of a member of the scheme to obtain the discharge of a monetary obligation due to him from the member.

(2)     In the case of a trust for the purposes of a pension scheme there shall also be disregarded any

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