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Insolvency Act 1986

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Changes over time for: Section 408

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Version Superseded: 01/04/2004

Alternative versions:

Status:

Point in time view as at 06/04/2003. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insolvency Act 1986, Section 408 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. Help about Changes to Legislation

408 Recourse to Consolidated Fund. E+W

If, after any repayment due to it from the Investment Account, the Insolvency Services Account is insufficient to meet its liabiities, the Treasury may, on being informed of it by the Secretary of State, issue the amount of the deficiency out of the Consolidated Fund, and the Treasury shall certify the deficiency to Parliament.

Modifications etc. (not altering text)

C1S. 408 applied with modifications by S.I. 1986/1999, art. 3, Sch. 1 Pt. II

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