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Housing and Regeneration Act 2008

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Changes over time for: Section 152

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Version Superseded: 01/01/2015

Status:

Point in time view as at 26/07/2011. This version of this provision has been superseded. Help about Status

Changes to legislation:

Housing and Regeneration Act 2008, Section 152 is up to date with all changes known to be in force on or before 06 March 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. Help about Changes to Legislation

152ProposalsE+W
This section has no associated Explanatory Notes

(1)During a moratorium the regulator may make proposals about the future ownership and management of the registered provider's land, with a view to ensuring that the property will be properly managed by a registered provider.

(2)In making proposals the regulator shall—

(a)have regard to the interests of the registered provider's creditors as a whole, and

(b)so far as is reasonably practicable avoid worsening the position of unsecured creditors.

(3)Proposals may provide for the appointment of a manager in accordance with section 155 to implement all or part of the proposals.

(4)Proposals may not include anything which would result in—

(a)a preferential debt being paid otherwise than in priority to a non-preferential debt, or

(b)a preferential creditor (PC1) being paid a smaller proportion of a preferential debt than another preferential creditor (PC2) (unless PC1 consents).

(5)Proposals relating to a registered provider which is a charity (C1)—

(a)may not require it to act outside the terms of its trusts, and

(b)may provide for the disposal of accommodation only to another charity whose objects the regulator thinks are similar to those of C1.

Commencement Information

I1S. 152 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)

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