420 Parent and subsidiary undertaking

420  Parent and subsidiary undertaking

(1)     In this Act, except in relation to an incorporated friendly society, “parent undertaking” and “subsidiary undertaking” have the same meaning as in [the Companies Acts (see section 1162 of, and Schedule 7 to, the Companies Act 2006)].

(2)     But—

(a)     “parent undertaking” also includes an individual who would be a parent

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