SCHEDULES
C1SCHEDULE 6 Railway 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 railway administration order
”
.
Sch. 6 modified (18.12.1996) by 1996 c. 61, s. 19(2)(b)(4)(5)
Sch. 6 restricted (18.12.1996) by 1996 c. 61, s. 19(7)