Section 51 Interpretation of Part II and consequential amendments.

In this Part—

• “the appointed day” has the meaning given by section 45(2);

• “the Corporation” has the meaning given by section 45(1);

• “securities” of the successor company includes shares, debentures, debenture stock, bonds and other securities of the company, whether or not constituting a charge on the assets of the company;

• “shares” includes stock;

• “the successor company” has the meaning given by section 45(1);

and references to the undertaking of the Corporation shall be construed in accordance with section 45(3).

The enactments mentioned in Schedule 7 shall have effect subject to the amendments there specified, being amendments consequential on the provisions of this Part.