ACTIn ForceAct
Utilities Act 2000
41Surrender
Start here
Get a plain-English read of 41
Turn the raw legal text into a practical explanation grounded in Utilities Act 2000.
41 Surrender (1) A utility may surrender its licence by giving written notice of surrender to ICRC. Note Under s 52, the ICRC must prepare a notice of a surrender of a licence. The notice is a notifiable instrument. (2) The surrender takes effect— (a) 90 days after the day the written notice is given to ICRC; or (b) if ICRC accepts an earlier surrender—on the day ICRC gives written notice of the acceptance to the utility.