Section 121A — Land Transfer Act 1952: Interpretation

121A Interpretation (1) In this Part of this Act, unless the context otherwise requires,— Company has the same meaning as in— (a) Section 2 of the Companies Act 1955; or (b) Section 2 of the Companies Act 1993 ,—

as the case may be, and, in relation to a licence, means the company by which the licence was issued Constitution , in relation to a company within the meaning of section 2 of the Companies Act 1993 , has the same meaning as in that section; and, in relation to a company within the meaning of section 2 of the Companies Act 1955, means the articles of association of the company Flat or office owning company means a company the constitution of which provides that the registered holder of specified shares in the company is entitled, by virtue of being the holder of those shares, to occupy or use a specified residential flat or office forming part of a building owned by the company Licence to occupy or licence means an instrument (not being an instrument registrable otherwise than pursuant to this Part of this Act) whether issued before or after the commencement of this Part of this Act, that is executed by a flat or office owning company and by a shareholder and that— (a) Grants to that shareholder the right to occupy or use a specified office or residential flat by virtue of the shares of which the shareholder is the registered holder; or (b) Is evidence of the right of that shareholder by virtue of the shares of which the shareholder is the registered holder to occupy or use a specified office or residential flat: Office includes premises used or intended to be used for commercial, industrial, business, or professional purposes Share certificate means the certificate issued in respect of the shares to which a licence relates Share register , in relation to a company within the meaning of section 2 of the Companies Act 1993 , has the same meaning as in that section and, in relation to a company within the meaning of section 2 of the Companies Act 1955, means the register of members. (2) A reference in this Part of this Act to a shareholder of a company is, in the case of a company within the meaning of section 2 of the Companies Act 1955, a reference to a member of the company. (3) A reference in this section to a right to occupy or use a specified office or residential flat includes a reference to any rights conferred by the constitution of the company or the licence to use any garage, outbuilding or other structure, or any passages, stairways, or other appurtenances, services or conveniences of the building of which the flat or office forms part, or the land appurtenant to that building. Part 7A (comprising sections 121A to 121P) was inserted, as from 1 July 1994, by section 2 Land Transfer Amendment Act 1993 (1993 No 124).