(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” [F1means a company as defined in section 1(1) of the Companies Act 2006].
Textual Amendments
F1Words in s. 50(5) 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. 220(3) (with art. 10)
Commencement Information
I1S. 50 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1