Section 356JNA Licensed sub-areasF1
Where any person is entitled to a share of equity in a licensed area which relates to part only of that area—
(a)
that part is referred to in this Chapter as a “licensed sub-area”, and
(b)
the share of equity is referred to in this Chapter as a share of equity in the licensed sub-area,
and references to a licensee in a licensed sub-area are to be interpreted accordingly.
Annotations
Textual amendments
- F1
Pt. 8 Ch. 9 inserted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 2
Notes on Chapter 9
Modifications
- C1
Pt. 8 Ch. 9 restricted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 6(2)