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This is the original version (as it was originally enacted).
(1)Where a direction is made under section 116(1)(b), the Regulator must—
(a)approve the disposal if satisfied—
(i)that a majority of tenants voting in a ballot conducted under section 118 wish the disposal to proceed, or as the case may be,
(ii)that the landlord has obtained the written agreement of a majority of the tenants whose written agreement the landlord was required to seek under section 119, or
(b)if not so satisfied, withdraw the conditional consent it gave under section 116(1)(b).
(2)The Regulator may, before making its decision under this section, require the registered social landlord concerned to provide information about—
(a)the ballot conducted under section 118, or
(b)the written agreements sought under section 119.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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