This is the original version (as it was originally enacted).
(1)The Secretary of State may by order in accordance with this Part appoint one or more companies as a highway authority.
(2)A company may only be appointed under this section if it is—
(a)limited by shares, and
(b)wholly owned by the Secretary of State.
(3)The appointment of a company terminates (in addition to termination by revocation of the order making the appointment) if the company ceases to be wholly owned by the Secretary of State.
(4)A company appointed under this section is called a “strategic highways company”.
(5)In this section, “company” means a company registered under the Companies Act 2006.
(6)Schedule 1 (which contains consequential and supplemental amendments) has effect.
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