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 ”.

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