Part 1

The Civil Nuclear Industry
Chapter 2

Transfers relating to nuclear undertakings

Supplementary provisions of Chapter 2 of Part 1

Interpretation of Chapter 2 of Part 1
50
1
In this Chapter —
- “nuclear company” means a body corporate with control of a designated installation, designated site or designated facility;
- “publicly controlled” is to be construed in accordance with subsection (3).
2
Expressions used in this Chapter and in Chapter 1 of this Part have the same meanings in this Chapter as in that Chapter.
3
For the purposes of this Chapter a body corporate is a publicly controlled company if it is a company limited by shares that is either publicly owned or is otherwise a company in which—
a
a person specified in subsection (4) holds a majority of the voting rights; or
b
two or more persons so specified, taken together, hold a majority of the voting rights.
4
The persons mentioned in subsection (3) are—
a
the Treasury;
b
a Minister of the Crown;
c
the NDA;
d
the UKAEA;
e
a publicly owned company; or
f
a nominee of a person falling within paragraphs (a) to (e).
5
In this section “company” means a company as defined in section 1(1) of the Companies Act 2006.
S. 50 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1
Words in s. 50(5) 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. 220(3) (with art. 10)