Section 7 Shadow directorsI1
England, Wales and Scotland
While the successor company is wholly owned by the Crown, neither the Secretary of State nor the Treasury shall be treated as a shadow director of the successor company for the purpose of any provision of F1the Companies Acts (as defined in section 2 of the Companies Act 2006).
Annotations
Textual amendments
- F1
Words in s. 7 substituted (1.10.2007) by Companies Act 2006 (Commencement No.3, Consequential Amendments, Transitional Provisions and Savings) Order 2007 (S.I. 2007/2194), art. 1(3)(a), Sch. 4 para. 103 (with art. 12)
Commencement
- I1
S. 7 in force at 25.2.2011 by S.I. 2011/462, art. 2