Point in time view as at 01/04/2018.
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Water Industry Act 1991. Any changes that have already been made by the team appear in the content and are referenced with annotations.
6(1)Section 17 of the 1986 Act (duties of administrator), as applied by this Part of this Schedule, shall have effect as follows.E+W
(2)For subsection (2) there shall be substituted the following subsection—
“(2)Subject to any directions of the court, it shall be the duty of the special administrator to manage the affairs, business and property of the company in accordance with proposals, as for the time being revised under section 23, which have been prepared for the purposes of that section by him or any predecessor of his.”
(3)In subsection (3), paragraph (a) (right of creditors to require the holding of a creditors’ meeting) shall be omitted.
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