Section 267
1Power to sell the property or any part of it or interest in it.
Commencement Information
I1Sch. 7 para. 1 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
2Power to incur expenditure for the purpose of—
(a)acquiring any part of the property, or any interest in it, which is not vested in him,
(b)discharging any liabilities, or extinguishing any rights, to which the property is subject.
Commencement Information
I2Sch. 7 para. 2 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
3(1)Power to manage property.
(2)Managing property includes doing anything mentioned in paragraph 5(2) of Schedule 6.
Commencement Information
I3Sch. 7 para. 3 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
4Power to start, carry on or defend any legal proceedings in respect of the property.
Commencement Information
I4Sch. 7 para. 4 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
5Power to make any compromise or other arrangement in connection with any claim relating to the property.
Commencement Information
I5Sch. 7 para. 5 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
6(1)For the purposes of, or in connection with, the exercise of any of his powers—
(a)power by his official name to do any of the things mentioned in sub-paragraph (2),
(b)power to do any other act which is necessary or expedient.
(2)Those things are—
(a)holding property,
(b)entering into contracts,
(c)suing and being sued,
(d)employing agents,
(e)executing a power of attorney, deed or other instrument.
Commencement Information
I6Sch. 7 para. 6 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)