Article 47 Articles 39 to 46: interpretationF1

Northern Ireland

F2(1)

In Articles 39 to 46—

“ group of companies ” means a holding company and its subsidiaries (and references to a member of a group of companies are to be read accordingly); and
“holding company” and “subsidiary” have the meaning given by section 1159 of the Companies Act 2006.

(2)

For the purposes of Articles 39 to 46—

(a)

references to a debt due under Article 75 of the 1995 Order include a contingent debt under that Article, and

(b)

references to the amount of such a debt include the amount of such a contingent debt.

(3)

For the purposes of Articles 39 to 46—

(a)

Article 7 of the Insolvency Order (connected persons) applies as it applies for the purposes of any provision of Parts II to VII of that Order, and

(b)

Article 4 of that Order (associated persons) applies as it applies for the purposes of that Order.

Annotations

F1: mod. by SR 2005/378
F2: Art. 47(1) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 252(5) (with art. 10)