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Postal Services Act 2011

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Changes over time for: Section 14

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There are currently no known outstanding effects for the Postal Services Act 2011, Section 14. Help about Changes to Legislation

14Ownership of companiesU.K.

This section has no associated Explanatory Notes

(1)This section applies for the purposes of this Part.

(2)References to ownership of a company are to ownership of its issued share capital.

(3)References to ownership of a company include indirect ownership of it.

(4)References to the reduction of the proportion of a company owned by the Crown include a reduction to nil.

(5)For the purposes of determining the proportion of any company owned by the Crown, property and rights of the Secretary of State or the Treasury (or a nominee of either of them) are to be regarded as property and rights of the Crown.

Commencement Information

I1S. 14 in force at 1.10.2011 by S.I. 2011/2329, art. 3

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