44 Proposals as to ownership and management of landlord's land

44  Proposals as to ownership and management of landlord's land

(1)     During the moratorium (see sections 42 and 43) [the Welsh Ministers] may make proposals as to the future ownership and management of the land held by the registered social landlord, designed to secure the continued proper management of the landlord's land by a registered social landlord.

(2)     In drawing up [their] proposals [the Welsh Ministers]—

(a)     shall consult the landlord and, so far as is practicable, its tenants, and

(b)     shall have regard to the interests of all the landlord's creditors, both secured and unsecured.

(3)     [The Welsh Ministers] shall also consult—

(a)     where the landlord is [a registered society], the appropriate registrar, and

(b)     where the landlord is a registered charity,

Powered by Lexis+®

Popular documents