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The Insolvency Act 1986 (Amendment) (No. 2) Regulations 2002
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- UK Statutory Instruments
- 2002 No. 1240
- Regulation 11
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Amendment to section 240
11.—(1) In section 240(3) (Relevant time for purpose of transaction at undervalue or preference) after paragraph (a) (and before the word “and”) insert—
“(aa)in a case where section 238 or 239 applies by reason of a company going into liquidation following conversion of administration into winding up by virtue of Article 37 of the EC Regulation, the date of the presentation of the petition on which the administration order was made,”.
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