C2C1PART IVRECEIVERSHIP

RECEIVERS AND MANAGERS

Annotations:
Modifications etc. (not altering text)
C2

Pts. II, III and IV applied (with modifications) by 1986 c. 53, Sch. 15A, Pt. III (as inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6); S.I. 1997/2668, art. 2, Sch. Pt. I(i)

F1Prohibition of appointment of administrative receiver

Annotations:
Amendments (Textual)
F1

Arts. 59A - 59J and preceding cross - heading inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 5(1) (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)

Articles 59A to 59I: supplementary59J

1

Schedule 1A (which supplements Articles 59A to 59I) shall have effect.

2

The Department may by order—

a

insert into this Order provision creating an additional exception to Article 59A(1);

b

provide for a provision of this Order which creates an exception to Article 59A(1) to cease to have effect;

c

amend Article 59A in consequence of provision made under sub-paragraph (a) or (b);

d

amend any of Articles 59B to 59I;

e

amend Schedule 1A.

3

An order under paragraph (2) may make—

a

provision which applies generally or only for a specified purpose;

b

different provision for different purposes;

c

consequential or supplementary provision;

d

transitional provision.

4

An order under paragraph (2)—

a

in the case of an order under paragraph (2)(e), shall be subject to negative resolution,

b

in the case of an order under paragraph (2)(d) varying the sum specified in Article 59B(1)(a) or 59F(2)(a) (whether or not the order also makes consequential or transitional provision), shall be subject to negative resolution, and

c

in the case of any other order under paragraph (2)(a) to (d), shall be subject to affirmative resolution.