Version Superseded: 26/05/2015
Point in time view as at 08/10/2004. This version of this provision has been superseded.
Insolvency Act 1986, Paragraph 97 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F197(1)This paragraph applies where—
(a)an administrator of a company is appointed by a company or directors under paragraph 22, and
(b)there is no holder of a qualifying floating charge in respect of the company’s property.
(2)A creditors’ meeting may replace the administrator.
(3)A creditors’ meeting may act under sub-paragraph (2) only if the new administrator’s written consent to act is presented to the meeting before the replacement is made.]
Textual Amendments
F1Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))
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