Regulation 20 Special administrator’s general powers and dealings with protected land

after sub-paragraph (1), there were inserted—

“(1A)

The special administrator of a company has the power to act on behalf of the company for the purposes of provision contained in any legislation which confers a power on the company or imposes a duty on it.

(1B)

In sub-paragraph (1A) “legislation” means any provision made by or under an Act.”; and

after sub-paragraph (2), there were inserted—

“(3)

Subject to sub-paragraph (6), the special administrator must not dispose of any of the company’s protected land^f2, or any interest or right in or over that land, except with the consent of the relevant authority.

(4)

Consent for the purposes of sub-paragraph (3) may be given on such conditions as the relevant authority thinks appropriate.

(5)

Consent for the purposes of sub-paragraph (3) and any conditions imposed under sub-paragraph (4) must be notified to the special administrator in writing.

(6)

Paragraph (3) does not apply where the special administrator disposes of protected land under a scheme for the transfer of property under Schedule 2 to the 1991 Act.”.