PART 3E+W+SSpecial administration regime

Relevant licensee nuclear company administration ordersE+W+S

31Relevant licensee nuclear company administration ordersE+W+S

(1)A relevant licensee nuclear company administration order (referred to in this Part as an “RLNC administration order”)  means an order which—

(a)is made by the court in relation to a relevant licensee nuclear company;

(b)directs that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court.

(2)The person appointed in relation to a company for the purposes of an RLNC administration order is referred to in this Part as the nuclear administrator of the company.

(3)The nuclear administrator of a company must manage the company’s affairs, business and property, and exercise and perform all the powers and duties of a nuclear administrator, so as to achieve the objective set out in section 32.

(4)In this Part—

Commencement Information

I1S. 31 in force at Royal Assent for specified purposes, see s. 44(1)(c)

I2S. 31 in force at 1.6.2022 in so far as not already in force, see s. 44(2)(c)