Acting through subsidiariesU.K.
1(1)A section 87 order may include provision—U.K.
(a)enabling the board to establish subsidiaries, and
(b)enabling or requiring the board to carry out specified functions through subsidiaries.
(2)“Subsidiary” means a subsidiary as defined by [F1section 1159 of the Companies Act 2006].
Textual Amendments
F1Words in Sch. 10 para. 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. 255 (with art. 10)
Commencement Information
I1Sch. 10 para. 1 in force at 1.10.2006 by S.I. 2006/2541, art. 2 (with Sch.)