- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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The Insolvency (Northern Ireland) Order 1989
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Changes to legislation:
The Insolvency (Northern Ireland) Order 1989, Paragraph 99 is up to date with all changes known to be in force on or before 11 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule B1 Paragraph 99:
- Instrument amended by 1998 c. 11 s. 23 Sch. 5 Pt.1 Ch. 3 para. 40
- Instrument amended (prosp) by S.I. 1994/279 (N.I.) art. 26(1) Sch. 2 para. 15
- art. 2B inserted by 2016 c. 2 (N.I.) s. 2(1)
- art. 208ZA-208ZB inserted by 2016 c. 2 (N.I.) s. 1(1)
- art. 345A-345B inserted by 2016 c. 2 (N.I.) s. 1(2)
Changes and effects yet to be applied to the whole Order associated Parts and Chapters:
Whole provisions yet to be inserted into this Order (including any effects on those provisions):
- art. 2B inserted by 2016 c. 2 (N.I.) s. 2(1)
- art. 208ZA-208ZB inserted by 2016 c. 2 (N.I.) s. 1(1)
- art. 345A-345B inserted by 2016 c. 2 (N.I.) s. 1(2)
[F199.—(1) Where a person ceases to be the administrator of a company (whether because he vacates office by reason of resignation, death or otherwise, because he is removed from office or because his appointment ceases to have effect) he is discharged from liability in respect of any action of his as administrator.N.I.
(2) The discharge provided by sub-paragraph (1) takes effect—
(a)in the case of an administrator who dies, on the filing with the High Court of notice of his death,
(b)in the case of an administrator appointed under paragraph 15 or 23, at a time appointed by resolution of the creditors' committee or, if there is no committee, by resolution of the creditors, or
(c)in any case, at a time specified by the Court.
(3) For the purpose of the application of sub-paragraph (2)(b) in a case where the administrator has made a statement under paragraph 53(1)(b), a resolution shall be taken as passed if (and only if) passed with the approval of—
(a)each secured creditor of the company, or
(b)if the administrator has made a distribution to preferential creditors or thinks that a distribution may be made to preferential creditors—
(i)each secured creditor of the company, and
(ii)preferential creditors whose debts amount to more than 50 per cent. of the preferential debts of the company, disregarding debts of any creditor who does not respond to an invitation to give or withhold approval.
(4) Discharge—
(a)applies to liability accrued before the discharge takes effect, and
(b)does not prevent the exercise of the High Court's powers under paragraph 76.]
F1Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)
Modifications etc. (not altering text)
C1Sch. B1 para. 99 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)
C2Sch. B1 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 2A para. 6 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2)
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