103Who may hold licence

#### 103 Who may hold licence 103 Who may hold licence > > (1) A corporation may not hold a commercial fishing licence. > > > (2) An individual may hold a commercial fishing licence only if— > > > > > (a) the individual is a shareholder in a share management fishery or is duly nominated by the shareholder under Part 3 to take fish on behalf of the shareholder, or > > > > > (b) (Repealed) > > > > > (c) the individual is otherwise authorised by the regulations to hold a commercial fishing licence. > > > (3) If an individual is only entitled to a licence under subsection (2)(a), the licence must be restricted to the taking of fish in the share management fishery concerned. > > **s 103:** Am 2023 No 7, Sch 1.8\[1\].