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20. Paragraph 60(1) has effect as if—
(a)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
(b)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(2), 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.”.
Paragraph 60 was amended by the Small Business, Enterprise and Employment Act 2015 (c. 26), section 129(1), (2) and (3).
The term “protected land” is defined in section 219 of the Water Industry Act 1991.
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