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This is the original version (as it was originally enacted).
(1)A company is a “publicly-owned company” for the purposes of section 3(1)(b) if it is wholly owned—
(a)by the Scottish Ministers; or
(b)by any other Scottish public authority listed in schedule 1, other than an authority so listed only in relation to information of a specified description.
(2)For the purposes of subsection (1), a company is wholly owned—
(a)by the Scottish Ministers if it has no members except—
(i)the Scottish Ministers or companies wholly owned by the Scottish Ministers; or
(ii)persons acting on behalf of the Scottish Ministers or of such companies; and
(b)by any other Scottish public authority if it has no members except—
(i)the authority or companies wholly owned by the authority; or
(ii)persons acting on behalf of the authority or of such companies.
(3)In subsections (1) and (2), “company” includes any body corporate.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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