C1C2C3C4 PART IVRECEIVERSHIP

RECEIVERS AND MANAGERS

Annotations:

General Provisions

F1Disqualification of bankrupt41

1

A person shall be guilty of an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—

a

he is an undischarged bankrupt, or

b

a bankruptcy restrictions order is in force in respect of him.

2

This Article does not apply to a receiver or manager acting under an appointment made by the High Court.