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Article 6 Position if Sections are wound up

Original text. Later amendments are not shown.

(1)

The obligations to make payments under Schedule 1 to this Order shall be discharged if both the Sections have, in the opinion of the Secretary of State, been wound up.

(2)

Where it appears to the Secretary of State that both the Sections may have been wound up, the Secretary of State shall consult the trustee of the Railways Pension Scheme in order to ascertain whether this is the case and shall thereafter make a determination as to whether both the Sections have been wound up.

(3)

The Secretary of State shall notify the trustee of the Railways Pension Scheme of any determination by him that in his opinion both the Sections have been wound up.