# Postal Services Act 2011, Section 14: Ownership of companies


(1) This section applies for the purposes of this Part.
(2) References to ownership of a company are to ownership of its issued share capital.
(3) References to ownership of a company include indirect ownership of it.
(4) References to the reduction of the proportion of a company owned by the Crown include a reduction to nil.
(5) For the purposes of determining the proportion of any company owned by the Crown, property and rights of the Secretary of State or the Treasury (or a nominee of either of them) are to be regarded as property and rights of the Crown.

---
Source: https://www.legislation.gov.uk/ukpga/2011/5/section/14 (the official version)
Page: https://openlegislation.uk/postal-services-act-2011/section-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.