1210. (1) Subject to subsection (2), Chapter 5 of Part 5 shall apply to a CLG.

(2) For the purposes of that application, Chapter 5 of Part 5 shall operate, so far as it relates to shares in a company, or shares in a body corporate of the same group as that company belongs to, as if it excluded references to—

(a) that company where that company is a CLG, and

(b) such a body corporate where that body corporate is a CLG.