OpenLegislation

Section 31 Relevant licensee nuclear company administration ordersI1I2

England, Wales and Scotland

(1)

A relevant licensee nuclear company administration order (referred to in this Part as an “RLNC administration order”)  means an order which—

(a)

is made by the court in relation to a relevant licensee nuclear company;

(b)

directs that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court.

(2)

The person appointed in relation to a company for the purposes of an RLNC administration order is referred to in this Part as the nuclear administrator of the company.

(3)

The nuclear administrator of a company must manage the company’s affairs, business and property, and exercise and perform all the powers and duties of a nuclear administrator, so as to achieve the objective set out in section 32.

(4)

In this Part—

  • “relevant licence”, in relation to a relevant licensee nuclear company, means the company’s electricity generation licence (within the meaning of Part 1);

  • “relevant licensee nuclear company” has the same meaning as in Part 1.

Annotations

Commencement

I1

S. 31 in force at Royal Assent for specified purposes, see s. 44(1)(c)

I2

S. 31 in force at 1.6.2022 in so far as not already in force, see s. 44(2)(c)