SCHEDULES

F1SCHEDULE B1 ADMINISTRATION

APPOINTMENT OF ADMINISTRATOR BY COMPANY OR DIRECTORS

Invalid appointment: indemnity

34

(1)

This paragraph applies where—

(a)

a person purports to appoint an administrator under paragraph 22, and

(b)

the appointment is discovered to be invalid.

(2)

The court may order the person who purported to make the appointment to indemnify the person appointed against liability which arises solely by reason of the appointment’s invalidity.