CARBON RIGHTS ACT 2003 - SECT 16

CARBON RIGHTS ACT 2003 - SECT 16

16 .         Registration of surrender of carbon covenants: effect

        (1)         When a surrender of the whole of a carbon covenant is registered, all rights, obligations and restrictions under the covenant cease to have effect, except to the extent that the covenant provides otherwise.

        (2)         When a surrender of part of a carbon covenant is registered, all rights, obligations and restrictions under the covenant cease to have effect in respect of the surrendered part, except to the extent that the covenant provides otherwise.