139 Interests to be disregarded: residual interest under pension scheme or employees' share scheme
Companies Act 2006 (2006 c 46) | Legislation

139  Interests to be disregarded: residual interest under pension scheme or employees' share scheme

(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 residual interest that has not vested in possession.

(2)     A “residual interest” means a right of the company or subsidiary (“the residual beneficiary”) to receive any of the trust property in the event of—

(a)     all the

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