# The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025, Rule 74: Declaration of dividend


(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—
(a) the dividend is postponed or cancelled in accordance with rule 73, or
(b) paragraph (2) applies.
(2) The T&S administrator must not declare a dividend so long as there is pending any application to the court to—
(a) reverse or vary a decision of the T&S administrator on a proof,
(b) exclude a proof, or
(c) reduce the amount claimed.
(3) The court may give permission for the T&S administrator to declare a dividend even where paragraph (2) applies.
(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.

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Source: https://www.legislation.gov.uk/uksi/2025/1135/rule/74 (the official version)
Page: https://openlegislation.uk/carbon-dioxide-transport-and-storage-licensed-operators-administration-england-and-wales-rules-2025/rule-74
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.