7 Shareholding of port companies

(1)

Harbour Boards, regional councils, and territorial authorities are hereby authorised to subscribe for, otherwise acquire, hold, or dispose of, equity securities in port companies.

(2)

Nothing in subsection (1) limits or prevents any other person from subscribing for, otherwise acquiring, holding, or disposing of, equity securities in port companies.

Section 7: substituted, on 31 August 1990, by section 4 of the Port Companies Amendment Act 1990 (1990 No 120).