The Relevant Licensee Nuclear Company Administration (England and Wales) Rules 2023
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Change 1
As published
74 Declaration of dividend
(1) The nuclear administrator must proceed to declare the dividend of which the nuclear administrator gave notice under rule 69 within the two-month period referred to in rule 69(2)(c), unless—
(a) the dividend is postponed or cancelled in accordance with rule 73, or
(b) paragraph (2) applies.
(2) The nuclear administrator must not declare a dividend so long as there is pending any application to the court to—
(a) reverse or vary a decision of the nuclear administrator on a proof,
(b) exclude a proof, or
(c) reduce the amount claimed.
(3) The court may give permission for the nuclear administrator to declare a dividend even where paragraph (2) applies.
(4) Where the court gives permission under paragraph (3), the nuclear administrator must make such provision in respect of the proof in question as the court directs.
Your change, as a redline
74 Declaration of dividend
(1) The nuclear administrator must proceed to declare the dividend of which the nuclear administrator gave notice under rule 69 within the two-month period referred to in rule 69(2)(c), unless—
(a) the dividend is postponed or cancelled in accordance with rule 73, or
(b) paragraph (2) applies.
(2) The nuclear administrator must not declare a dividend so long as there is pending any application to the court to—
(a) reverse or vary a decision of the nuclear administrator on a proof,
(b) exclude a proof, or
(c) reduce the amount claimed.
(3) The court may give permission for the nuclear administrator to declare a dividend even where paragraph (2) applies.
(4) Where the court gives permission under paragraph (3), the nuclear administrator must make such provision in respect of the proof in question as the court directs.
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