sec.799AConsequence of failure to comply with relinquishment requirement

### sec.799A Consequence of failure to comply with relinquishment requirement This section applies if— noncompliance action taken is a requirement, under section 790 (1) (b) , of a petroleum authority holder; and the requirement is not complied with. The holder must be given a notice requiring the holder to comply with the requirement under section 790 (1) (b) within 20 business days after the giving of the notice. If the holder does not comply with the requirement under the notice, the authority is cancelled. However, the cancellation does not take effect until the holder is given a notice stating that the authority has been cancelled because of the operation of subsection (3) . s 799A ins 2004 No. 26 s 231 amd 2005 No. 3 s 105 sch (sec.799A-ssec.1) This section applies if— noncompliance action taken is a requirement, under section 790 (1) (b) , of a petroleum authority holder; and the requirement is not complied with. (sec.799A-ssec.2) The holder must be given a notice requiring the holder to comply with the requirement under section 790 (1) (b) within 20 business days after the giving of the notice. (sec.799A-ssec.3) If the holder does not comply with the requirement under the notice, the authority is cancelled. (sec.799A-ssec.4) However, the cancellation does not take effect until the holder is given a notice stating that the authority has been cancelled because of the operation of subsection (3) . - (a) noncompliance action taken is a requirement, under section 790 (1) (b) , of a petroleum authority holder; and - (b) the requirement is not complied with.