Section 102 Interpretation of Part II.

England, Wales and Scotland

(1)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(2)

In this Part of this Act, . . . F2“director” includes any person occupying the position of director, by whatever name called.

(3)

A person shall not be deemed to be within the meaning of any provision of this Part of this Act a person in accordance with whose directions or instructions the directors of a company or other body corporate or any of them are accustomed to act by reason only that the directors of the body act on advice given by him in a professional capacity.

(4)

References in this Part of this Act to a body corporate shall be construed as not including a corporation sole or a Scottish firm but as including a body incorporated outside Great Britain.

Annotations

Textual amendments

F1: Ss. 58, 59, 60(1)(2) (4), 61—63, 67, 69, 70(1)(2), 71(1)(2), 72(1), 73, 74, 75(1), 76(1), 76(3), 77, 78, 79(1), 81, 84, 85(1), 88, 92—95, 98, 100, 101, 102(1), 104 repealed by Insurance Companies Act 1974 (c. 49), Sch. 2
F2: Words repealed by Insurance Companies Act 1974 (c. 49), Sch. 2

Notes on the whole Act

Textual amendments

F1: Act repealed (1.12.2001) by 2001/3647, art. 5, Sch. 3 para. 8 (with art. 6)