Part ISocial rented sector
Chapter IVGeneral powers of the Corporation
Insolvency, &c. of registered social landlord
49Assistance by the Corporation
1
The Corporation may give such assistance as it thinks fit—
a
to the landlord, for the purpose of preserving the position pending the making of and agreement to proposals;
b
to the landlord or a manager appointed under section 46, for the purpose of carrying out any agreed proposals.
2
The Corporation may, in particular—
a
lend staff;
b
pay or secure payment of the manager’s reasonable remuneration and expenses;
c
give such financial assistance as appears to the Corporation to be appropriate.
3
The following forms of assistance require the consent of the Secretary of State—
a
making grants or loans;
b
agreeing to indemnify the manager in respect of liabilities incurred or loss or damage sustained by him in connection with his functions;
c
paying or guaranteeing the repayment of the principal of, the payment of interest on and the discharge of any other financial obligation in connection with any sum borrowed (before or after the making of the order) and secured on any land disposed of.