40(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 25 of the Water Industry Act 1991.
(2)In section 459(3) of that Act of 1985, for the words “the Water Act 1989” there shall be substituted the words “the Statutory Water Companies Act 1991”.