The Milk Marketing Board (Residuary Functions) (Amendment) Regulations 2001 (revoked)

Amendment of the principal RegulationsE+W+S

3.  In regulation 28—

(a)after paragraph (1) there shall be inserted the following paragraph—

(1A) Any liability to pay a sum which, following a distribution of that sum, for the time being remains unclaimed shall be disregarded for the purposes of paragraph (1)(b) above, and the Minister may by notice to the Board specify any asset or class of assets or any additional liability or class of liabilities, including any assets arising or liability incurred after the giving of the notice, which shall likewise be disregarded for those purposes, or for the purposes of determining whether any assets are “surplus assets of the Board remaining on the final liquidation” for the purposes of regulation 27(3).;

(b)after paragraph (3) there shall be inserted the following paragraph—

(3A) Where, at the time that the account is made up under paragraph (3) above, any amounts distributed by way of final distribution in accordance with regulation 27(3) and paragraph (2) above remain unclaimed, the account made up under paragraph (3) above shall show the total such amount unclaimed..