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Changes over time for: Section 72A


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 15/03/2024
Status:
Point in time view as at 17/03/2011. This version of this provision has been superseded.

Status
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Changes to legislation:
Insolvency Act 1986, Section 72A 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.

Changes to Legislation
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[72A Floating charge holder not to appoint administrative receiverE+W+S
(1)The holder of a qualifying floating charge in respect of a company’s property may not appoint an administrative receiver of the company.
(2)In Scotland, the holder of a qualifying floating charge in respect of a company’s property may not appoint or apply to the court for the appointment of a receiver who on appointment would be an administrative receiver of property of the company.
(3)In subsections (1) and (2)—
“holder of a qualifying floating charge in respect of a company’s property” has the same meaning as in paragraph 14 of Schedule B1 to this Act, and
“administrative receiver” has the meaning given by section 251.
(4)This section applies—
(a)to a floating charge created on or after a date appointed by the Secretary of State by order made by statutory instrument, and
(b)in spite of any provision of an agreement or instrument which purports to empower a person to appoint an administrative receiver (by whatever name).
(5)An order under subsection (4)(a) may—
(a)make provision which applies generally or only for a specified purpose;
(b)make different provision for different purposes;
(c)make transitional provision.
(6)This section is subject to the exceptions specified in [sections 72B to 72GA] .]
Subordinate Legislation Made
Textual Amendments
Yn ôl i’r brig