PART 1Strategic highways companies
Appointment as highway authorities
I1I21Appointment of strategic highways companies
1
The Secretary of State may by order in accordance with this Part appoint one or more companies as a highway authority.
2
A company may only be appointed under this section if it is—
a
limited by shares, and
b
wholly owned by the Secretary of State.
3
The appointment of a company terminates (in addition to termination by revocation of the order making the appointment) if the company ceases to be wholly owned by the Secretary of State.
4
A company appointed under this section is called a “strategic highways company”.
5
In this section, “company” means a company registered under the Companies Act 2006.
6
Schedule 1 (which contains consequential and supplemental amendments) has effect.