1 Formation of companies for purposes of transfer of certain statutory port undertakings.E+W+S
(1)Any relevant port authority shall have power to form a company whose objects include the acquisition of property, rights and liabilities and the assumption of functions of the authority by virtue of a transfer under section 2 below.
(2)Any company formed under subsection (1) above shall be a company limited by shares and registered under [F1the Companies Act 2006].
(3)In this Part “relevant port authority” means any body which is a harbour authority, other than one within subsection (4) below.
(4)The bodies within this subsection are—
(a)any company having a share capital;
(b)a local authority;
(c)the British Waterways Board;
[F2(ca)Canal & River Trust;]
(d)Associated British Ports; and
(e)the Port of London Authority.
(5)In subsection (4)(b) above “local authority”—
(a)in relation to England and Wales, has the meaning given by section 270(1) of the M1Local Government Act 1972; and
(b)in relation to Scotland, has the meaning given by section 235(1) of the M2Local Government (Scotland) Act 1973.
Textual Amendments
F1Words in s. 1(2) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 124(2) (with art. 10)
F2S. 1(4)(ca) inserted (2.7.2012) by The British Waterways Board (Transfer of Functions) Order 2012 (S.I. 2012/1659), art. 1(2), Sch. 3 para. 10 (with arts. 4-6)
Marginal Citations