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BP » Topics » Exercise of lien

These excerpts taken from the BP 6-K filed May 22, 2008.

Exercise of lien

41     The Company may sell in such manner as the Directors think fit any share on which the Company has a lien, but no sale shall be made unless some sum in respect of which the lien exists is presently payable nor until the expiration of fourteen days after a notice stating and demanding payment of the sum presently payable and giving notice of intention to sell in default shall have been given to the holder for the time being of the share or the person entitled thereto by reason of the holder’s death or bankruptcy.

Exercise
of lien


41     The
Company may sell in such manner as the Directors think fit any share on which the Company has a lien, but no sale shall be made
unless some sum in respect of which the lien exists is presently payable nor until the expiration of fourteen days after a notice
stating and demanding payment of the sum presently payable and giving notice of intention to sell in default shall have been given to
the holder for the time being of the share or the person entitled thereto by reason of the holder’s death or bankruptcy.



EXCERPTS ON THIS PAGE:

6-K (2 sections)
May 22, 2008

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