An MDC may carry on any business.
An MDC may with the consent of the Mayor—
form, or
acquire interests in,
bodies corporate.
An MDC must ensure that no subsidiary of the MDC engages in an activity which the MDC would not be required or permitted to carry on.
An MDC must ensure that no subsidiary of the MDC—
borrows from a person other than the MDC, or
raises money by the issue of shares or stock to a person other than the MDC,
without the consent of the Mayor.
In subsection (1) "business" includes undertaking.
In this section "subsidiary" has the meaning given by section 1159 of the Companies Act 2006.