PART 5VARIATION AND TRANSFER OF AUTHORISATIONS TO MANUFACTURE OR STORE EXPLOSIVES AND DEATH, BANKRUPTCY OR INCAPACITY OF A LICENSED PERSON
Death, bankruptcy or incapacity of a licensee18
1
If a licensee dies or becomes incapacitated, a person manufacturing or storing explosives in accordance with the conditions of the first-named person’s licence is to be treated as being licensed in accordance with the first named person’s licence until either—
a
the expiration of a period of 60 days starting with the date of such death or incapacity;
b
the grant or refusal of a new licence; or
c
the transfer of, or a refusal to transfer, a licence,
whichever is the earlier.
2
If a licensee becomes bankrupt or, in the case of a company, goes into liquidation, administration or receivership or has a receiving order made against it, any liquidator, administrator, receiver or trustee in bankruptcy is to be treated as being the licensee.