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Water Act 1989

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This is the original version (as it was originally enacted).

71(1)In sections 425(6)(a) and 460(2) of the Companies Act 1985 (compromises with creditors and protection of minorities by the Secretary of State), any reference to a company or body corporate which is liable to be wound up includes a reference to a company or body corporate which would be so liable but for section 24 of this Act.

(2)Part XIII of that Act (arrangements and reconstructions) shall have effect in relation to statutory water companies that are not limited companies with such modifications as may be prescribed; and in this paragraph “statutory water companies”, in relation to any time before the transfer date, has the same meaning as in the 1973 Act.

(3)In section 459 of that Act (order on application of company member), after subsection (2) there shall be inserted the following subsection—

“(3)In this section (and so far as applicable for the purposes of this section, in section 461(2)) “company” means any company within the meaning of this Act or any company which is not such a company but is a statutory water company within the meaning of the Water Act 1989.”

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