[F1248A“Opted-out creditor”E+W+S
(1)For the purposes of this Group of Parts “opted-out creditor”, in relation to an office-holder of a company, means a person who—
(a)is a creditor of the company, and
(b)in accordance with the rules has elected (or is deemed to have elected) to be (and not to cease to be) an opted-out creditor in relation to the office-holder.
(2)In this section, “office-holder”, in relation to a company, means—
(a)a liquidator, provisional liquidator, administrator or administrative receiver of the company,
(b)a receiver appointed under section 51 in relation to any property of the company, or
(c)the supervisor of a voluntary arrangement which has taken effect under Part 1 in relation to the company.]
Textual Amendments
F1S. 248A inserted (26.5.2015 for specified purposes) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 124(4), 164(1); S.I. 2015/1329, reg. 3(d)