Part 1

Sale of the Tote

General

Interpretation
12
1
In this Part “the Gaming Board” means the Gaming Board for Great Britain (established under section 10 of the Gaming Act 1968 (c. 65)).
2
For the purposes of this Part a company is wholly owned by the Crown if all its shares are held by the Crown.
3
For the purposes of subsection (2) shares are held by the Crown if they are held—
a
by a Minister of the Crown,
b
by the nominee of a Minister of the Crown, or
c
by a company of which all the shares are held by the Crown.
4
In this Part “securities” means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of a company or not.
5
An expression used in this Part which is given a meaning by the Companies Acts (as defined in section 2 of the Companies Act 2006) for general purposes of that Act shall have the same meaning for the purposes of this Part.
6
An expression used in this Part and in the Betting, Gaming and Lotteries Act 1963 (c. 2) shall have the same meaning in this Part as in that Act.
S. 12 in force at 1.1.2005 for specified purposes by S.I. 2004/3283, art. 4
Words in s. 12 substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 2(2), Sch. 1 para. 231(3) (with arts. 6, 11, 12)
S. 12 in force at 25.2.2011 for specified purposes by S.I. 2011/462, art. 2