The Water Industry (Special Administration) (England and Wales) Rules 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
98 Secured creditor: value of security (rule 14.15)
Rule 14.15 has effect as if— (a) for paragraph (2) there were substituted— (2) Where a secured creditor has voted in respect of the unsecured balance of the debt— (a) the secured creditor may re-value the security only with the agreement of the special administrator or the permission of the court; and (b) where the revaluation was by agreement, the special administrator must deliver a notice of the revaluation to the creditors within five business days of the special administrator’s agreement. ; (b) paragraph (3) were omitted.
98 Secured creditor: value of security (rule 14.15)
Rule 14.15 has effect as if— (a) for paragraph (2) there were substituted— (2) Where a secured creditor has voted in respect of the unsecured balance of the debt— (a) the secured creditor may re-value the security only with the agreement of the special administrator or the permission of the court; and (b) where the revaluation was by agreement, the special administrator must deliver a notice of the revaluation to the creditors within five business days of the special administrator’s agreement. ; (b) paragraph (3) were omitted.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
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