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Insolvency Act 1986
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Insolvency Act 1986, Section 316 is up to date with all changes known to be in force on or before 03 February 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.
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Changes and effects yet to be applied to Section 316:
- Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
- Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations
316 Notice requiring trustee’s decision. E+W
(1)Notice of disclaimer shall not be given under section 315 in respect of any property if—
(a)a person interested in the property has applied in writing to the trustee or one of his predecessors as trustee requiring the trustee or that predecessor to decide whether he will disclaim or not, and
(b)the period of 28 days beginning with the day on which that application was made has expired without a notice of disclaimer having been given under section 315 in respect of that property.
(2)The trustee is deemed to have adopted any contract which by virtue of this section he is not entitled to disclaim.
Modifications etc. (not altering text)
C1S. 316 applied with modifications by S.I. 1986/1999, art. 3, Sch. 1 Pt. II
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