No versions valid at: 06/04/2003
Point in time view as at 06/04/2003. This version of this provision is not valid for this point in time.
Insolvency Act 1986, Paragraph 111 is up to date with all changes known to be in force on or before 09 March 2025. 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.
Yn ddilys o 15/09/2003
111(1)In this Schedule—
“administrative receiver” has the meaning given by section 251,
“administrator” has the meaning given by paragraph 1 and, where the context requires, includes a reference to a former administrator,
“company” includes a company which may enter administration by virtue of Article 3 of the EC Regulation,
“correspondence” includes correspondence by telephonic or other electronic means,
“creditors’ meeting” has the meaning given by paragraph 50,
“enters administration” has the meaning given by paragraph 1,
“floating charge” means a charge which is a floating charge on its creation,
“in administration” has the meaning given by paragraph 1,
“hire-purchase agreement” includes a conditional sale agreement, a chattel leasing agreement and a retention of title agreement,
“holder of a qualifying floating charge” in respect of a company’s property has the meaning given by paragraph 14,
“market value” means the amount which would be realised on a sale of property in the open market by a willing vendor,
“the purpose of administration” means an objective specified in paragraph 3, and
“unable to pay its debts” has the meaning given by section 123.
(2)A reference in this Schedule to a thing in writing includes a reference to a thing in electronic form.
(3)In this Schedule a reference to action includes a reference to inaction.
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