# The Milk Marketing Board (Residuary Functions) Regulations 1994, Paragraph 4


(1) Subject to paragraph 3(b) above, and provided that the condition specified in paragraph 5 below is complied with, the Board may withdraw moneys standing to the credit of the B Reserve Fund in order to–
(a) discharge any actual liabilities–
(i) as they fall due for payment;
(ii) upon the winding up of the Board;
(b) make interim and final payments.
(2) The Board shall hold any moneys not so withdrawn as a reserve in order to meet the Board’s contingent liabilities or make further interim payments or apply them in accordance with paragraph 6 below.

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Source: https://www.legislation.gov.uk/uksi/1994/2759/schedule/4/paragraph/4 (the official version)
Page: https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-4/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.