# Law of Property Act 1969, Section 10: Group of companies.


For subsection (3) of section 42 of the Act of 1954 (Group of companies) there shall be substituted the following subsection:—
“(3) Where the landlord’s interest is held by a member of a group—
(a) the reference in paragraph (g) of subsection (1) of section 30 of this Act to intended occupation by the landlord for the purposes of a business to be carried on by him shall be construed as including intended occupation by any member of the group for the purposes of a business to be carried on by that member ; and
(b) the reference in subsection (2) of that section to the purchase or creation of any interest shall be construed as a reference to a purchase from or creation by a person other than a member of the group.”

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Source: https://www.legislation.gov.uk/ukpga/1969/59/section/10 (the official version)
Page: https://openlegislation.uk/law-of-property-act-1969/section-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.