{
  "url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/regulation-27",
  "json_url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/regulation-27.json",
  "legislation": "uksi/1994/2759",
  "legislation_title": "The Milk Marketing Board (Residuary Functions) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994",
  "path": "regulation/27",
  "kind": "regulation",
  "number": "27",
  "heading": "Completion of winding up and distribution of surplus",
  "text": "(1) The completion of the winding up of the affairs of the Board (in these Regulations referred to as “the final liquidation of the Board”) shall be conducted in accordance with either of the two methods specified in paragraph (2) below.\n(2) The methods mentioned in paragraph (1) above are–\n(a) a voluntary solvent liquidation under regulation 28;\n(b) a liquidation on application to the court under the 1986 Act in accordance with the amended provisions of the old marketing scheme to which reference is made in regulation 29.\n(3) Any surplus assets of the Board remaining on the final liquidation shall be distributed by way of distributions (in these Regulations referred to as “final distributions”) among registered eligible producers, pari passu and in accordance with their distribution entitlements.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/2759/regulation/27",
    "retrieved_at": "2026-10-29T13:24:11.167751+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."
}