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Estate Agents Act 1979
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Version Superseded: 01/10/2012
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- 01/02/1991- Amendment
- 01/10/1992
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- 06/04/2016- Amendment
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23 Bankrupts not to engage in estate agency work.U.K.
(1)An individual who is adjudged bankrupt after the day appointed for the coming into force of this section or, in Scotland, whose estate is sequestrated after that day shall not engage in estate agency work of any description except as an employee of another person.
(2)The prohibition imposed on an individual by subsection (1) above shall cease to have effect if and when—
(a)the adjudication of bankruptcy against him is annulled, or, in Scotland, the sequestration of his estate is recalled [F1or reduced]; or
[F2(b)he is discharged from bankruptcy.]
(3)The reference in subsection (1) above to employment of an individual by another person does not include employment of him by a body corporate of which he is a director or controller.
(4)If a person engages in estate agency work in contravention of subsection (1) above he shall be liable on conviction on indictment or on summary conviction to a fine which on summary conviction shall not exceed the statutory maximum.
Textual Amendments
F1Words inserted (S.) by Bankruptcy (Scotland) Act 1985 (c. 66, SIF 66), s. 75(1), Sch. 7 para. 17
F2S. 23(b) substituted by Insolvency Act 1985 (c. 65, SIF 66), s. 235(1), Sch. 8 para. 33
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