Article 3 Formation of companies for purposes of transfer of certain statutory port undertakings

Northern Ireland

(1)

Any relevant port authority may form a company whose objects include the acquisition of property, rights and liabilities and the assumption of functions of the authority by virtue of a transfer under Article 4.

(2)

Any company formed under paragraph (1) shall be a company limited by shares and registered under F1the Companies Act 2006.

(3)

In this Order “relevant port authority” means any body which is a harbour authority, other than a company having a share capital or a district council.

Annotations

Textual amendments

F1: Words in art. 3(2) 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. 150(3) (with art. 10)

Notes on the whole Order

Textual amendments

F1: functions transf. SR 1999/481