# The Northern Rock plc Compensation Scheme Order 2008, Paragraph 14: Payment of compensation


(1) The Treasury shall pay the amount of any compensation determined by the valuer to be payable—
(a) to any person; or
(b) in respect of a class or description of shares or rights.
(2) The Treasury shall not be required to make a payment in accordance with sub-paragraph (1) until—
(a) they have received a copy of the assessment notice or revised assessment notice, as the case may be; or
(b) if there is a reference to the Tribunal, the matter has been finally disposed of.
(3) The Treasury may apply any of the provisions of article 149.1 of the articles of association of Northern Rock, as in effect immediately prior to the making of this Order, in making any payment of compensation to the holders of shares in Northern Rock, as if such payment were payment of a dividend by Northern Rock.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110810058/schedule/paragraph/14 (the official version)
Page: https://openlegislation.uk/draft-northern-rock-plc-compensation-scheme-order-2008/schedule/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.