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Vesting in Minister upon death, etc., of certain directors and members of Company of shares held by them.
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27.—(1) Upon the retirement or death of a director of the Company (other than any of such directors of the Company as may be determined by the Minister and by the Company or, if the Company is not the licensee, the licensee) or upon the office of a director of the Company (other than a director of the Company determined as aforesaid) becoming vacated in accordance with the articles of association of the Company, any shares in the Company held by such director shall, without the necessity for a transfer, vest in the Minister.
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