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Regulation 11 Sale of transporters: period within which the power of sale must be exercised

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The period prescribed for the purposes of section 37(5B) of the Act (the period within which the power of sale must be exercised in order that it shall not lapse) is 60 days after the date upon which the power of sale could have first been exercised under section 37(4) of the Act.

(2)

In calculating the period mentioned in paragraph (1), no account shall be taken of any period during which the Secretary of State has applied to the court for leave to sell a transporter under Schedule 1 to the Act but the court has not determined that the transporter may be sold.