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Companies Act 2006
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375Subscription for membership of trade association
This section has no associated Explanatory Notes
(1)A subscription paid to a trade association for membership of the association is not a political donation for the purposes of this Part.
(2)For this purpose—
“trade association” means an organisation formed for the purpose of furthering the trade interests of its members, or of persons represented by its members, and
“subscription” does not include a payment to the association to the extent that it is made for the purpose of financing any particular activity of the association.
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