
Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Notice of no dividend, or no further dividend
This section has no associated Explanatory Memorandum
77.—(1) If the nuclear administrator delivers notice to creditors that the nuclear administrator is unable to declare any dividend or any further dividend (as the case may be), the notice must contain a statement to the effect either—
(a)that no funds have been realised, or
(b)that the funds realised have already been distributed or used or allocated for paying the expenses of relevant licensee nuclear company administration.
(2) The information required by paragraph (2) may be included in a progress report (see rule 26).
Back to top