Part 1The Civil Nuclear Industry
Chapter 2Transfers relating to nuclear undertakings
Supplementary provisions of Chapter 2 of Part 1
50Interpretation of Chapter 2 of Part 1
(1)
In this Chapter —
“nuclear company” means a body corporate with control of a designated installation, designated site or designated facility;
“publicly controlled” is to be construed in accordance with subsection (3).
(2)
Expressions used in this Chapter and in Chapter 1 of this Part have the same meanings in this Chapter as in that Chapter.
(3)
For the purposes of this Chapter a body corporate is a publicly controlled company if it is a company limited by shares that is either publicly owned or is otherwise a company in which—
(a)
a person specified in subsection (4) holds a majority of the voting rights; or
(b)
two or more persons so specified, taken together, hold a majority of the voting rights.
(4)
The persons mentioned in subsection (3) are—
(a)
the Treasury;
(b)
a Minister of the Crown;
(c)
the NDA;
(d)
the UKAEA;
(e)
a publicly owned company; or
(f)
a nominee of a person falling within paragraphs (a) to (e).
(5)
In this section “company” has the same meaning as in the Companies Act 1985 (c. 6).