The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025
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
As published
83 Division of unsold assets
(1) The T&S administrator may divide qualifying property in its existing form amongst the creditors of the T&S company—
(a) according to its estimated value, and
(b) with the permission of the creditors.
(2) In paragraph (1), “qualifying property” is any property which from its peculiar nature or other special circumstances cannot be readily or advantageously sold.
(3) The T&S administrator must—
(a) in the receipts and payments account included in the progress report under rule 26, state the estimated value of the property divided amongst the creditors of the T&S company under paragraph (1) during the period to which the report relates, and
(b) as a note to the account, provide details of the basis of the valuation.
Your change, as a redline
83 Division of unsold assets
(1) The T&S administrator may divide qualifying property in its existing form amongst the creditors of the T&S company—
(a) according to its estimated value, and
(b) with the permission of the creditors.
(2) In paragraph (1), “qualifying property” is any property which from its peculiar nature or other special circumstances cannot be readily or advantageously sold.
(3) The T&S administrator must—
(a) in the receipts and payments account included in the progress report under rule 26, state the estimated value of the property divided amongst the creditors of the T&S company under paragraph (1) during the period to which the report relates, and
(b) as a note to the account, provide details of the basis of the valuation.
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