THE ELECTION

Related Commentary  

1(1)  An election shall be made by serving it on the Board, shall be in such form as may be prescribed by the Board and shall contain such information as the Board may reasonably require with respect to–

(a)the oil field to which the election is to apply, the pipe-line by reference to which the election is being made and whether the election is to be limited in accordance with subsection (6) of section 231 of this Act;

(b)all other assets which, if the election were to be accepted, would at the date of the election be assets to which the election applies;

(c)the electing participator’s interest in those assets;

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