SCHEDULES
C1SCHEDULE 3 SPECIAL ADMINISTRATION ORDERS
Annotations:
Modifications etc. (not altering text)
Part I MODIFICATIONS OF THE 1986 ACT
Power to deal with charged property
5
1
Section 15 of the 1986 Act (power to deal with charged property), as applied by this Part of this Schedule, shall have effect as follows.
2
In subsection (5)(b) (amount to be paid to chargeholder not to be less than open market value), for the words “in the open market by a willing vendor” there shall be substituted the words “
for the best price which is reasonably available on a sale which is consistent with the purposes of the special administration order
”
.
F13
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Sch. 3 applied (28.6.2013) by The Water Industry (Specified Infrastructure Projects) (English Undertakers) Regulations 2013 (S.I. 2013/1582), reg. 1(1)(b), Sch. 1 para. 7(4) (with reg. 1(1)(c))