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25.—(1) There is to be a new type of company to be known as the community interest company.
(2) In accordance with this Part—
(a)a company limited by shares or a company limited by guarantee and not having a share capital may be formed as or become a community interest company, and
(b)a company limited by guarantee and having a share capital may become a community interest company.
(3) A community interest company established for charitable purposes is to be treated as not being so established and accordingly is not a charity.