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Insolvency Act 1986

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This is the original version (as it was originally enacted).

246Unenforceability of liens on books, etc.

(1)This section applies in the case of a company where—

(a)an administration order is made in relation to the company, or

(b)the company goes into liquidation, or

(c)a provisional liquidator is appointed ;

and “the office-holder ” means the administrator, the liquidator or the provisional liquidator, as the case may be.

(2)Subject as follows, a lien or other right to retain possession of any of the books, papers or other records of the company is unenforceable to the extent that its enforcement would deny possession of any books, papers or other records to the officeholder.

(3)This does not apply to a lien on documents which give a title to property and are held as such.

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