{
  "url": "https://openlegislation.uk/carbon-dioxide-transport-and-storage-licensed-operators-administration-england-and-wales-rules-2025/rule-74",
  "json_url": "https://openlegislation.uk/carbon-dioxide-transport-and-storage-licensed-operators-administration-england-and-wales-rules-2025/rule-74.json",
  "legislation": "uksi/2025/1135",
  "legislation_title": "The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025",
  "legislation_url": "https://openlegislation.uk/carbon-dioxide-transport-and-storage-licensed-operators-administration-england-and-wales-rules-2025",
  "path": "rule/74",
  "kind": "rule",
  "number": "74",
  "heading": "Declaration of dividend",
  "text": "(1) The T&S administrator must proceed to declare the dividend of which the T&S administrator gave notice under rule 69 within the two-month period referred to in rule 69(2)(c), unless—\n(a) the dividend is postponed or cancelled in accordance with rule 73, or\n(b) paragraph (2) applies.\n(2) The T&S administrator must not declare a dividend so long as there is pending any application to the court to—\n(a) reverse or vary a decision of the T&S administrator on a proof,\n(b) exclude a proof, or\n(c) reduce the amount claimed.\n(3) The court may give permission for the T&S administrator to declare a dividend even where paragraph (2) applies.\n(4) Where the court gives permission under paragraph (3), the T&S administrator must make such provision in respect of the proof in question as the court directs.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/1135/rule/74",
    "retrieved_at": "2026-10-28T21:10:19.201595+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}