Schedule 23, paragraph 7(2)

For the purposes of this Schedule the appropriate agency's undertaking shall be taken to consist of so much of any of the following as is for the time being vested in or held by the appropriate agency for the purposes of, or in connection with, the carrying out of any of its functions, that is to say— any buildings, reservoirs, wells, boreholes or other structures; and any resource mains, discharge pipes or other underground works which are for the time being vested in the appropriate agency.

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Source: legislation.gov.uk · retrieved 2026-07-30