Jersey R&O 78/2002
Borrowing Control (Jersey) Law 1947
CONTROL OF BORROWING (AMENDMENT No. 11) (JERSEY) ORDER
THE FINANCE AND ECONOMICS COMMITTEE, in pursuance of Articles 2 and 3 of the
Borrowing Control (Jersey) Law 1947, as amended, orders as follows -
this Order, “principal Order” means the Control of Borrowing (Jersey) Order
1958, as amended.
2. For Article 4 of the principal Order
there shall be substituted the following Article -
“Admission to membership of jersey body
4. A body corporate incorporated under the law of the
Island shall not, without the consent of the Commission -
(a) for any purpose issue any shares; or
any person to membership otherwise than by reason of the issue or transfer of
3. After Article 4B of the principal Order there
shall be inserted the following Article -
external body corporate in the island.
4BA. A certificate of continuance under
Article 127O of the Companies (Jersey) Law 1991 shall not be issued to a
body corporate unless it has obtained the consent of the Commission to keep in
issue, on its continuance in the Island, its shares, debentures and other
securities that are in issue at the time when it applies for the certificate of
Order may be cited as the Control of Borrowing (Amendment No. 11) (Jersey)
Order 2002 and shall come into force on 1st September 2002.
Order of the Finance and Economics Committee,
Greffier of the States.