PART 8 The Administrator

CHAPTER 1 Powers of the administrator

155 Powers of disclaimer
1 Where the administrator disclaims property under section 178 of the IA 1986, the notice of disclaimer must contain such particulars of the property disclaimed as enable it to be easily identified.
Section 178 was amended by Banking Act 2009 c. 1, S.I. 2011/245. There are other amending instruments but none is relevant.
2 The notice of disclaimer must be authenticated and dated by the administrator.
3 As soon as is reasonably practicable after authenticating the notice of disclaimer, the administrator must—
(a) send a copy of the notice to the registrar of companies, and
(b) in any case where the disclaimer is of registered land as defined in section 132(1) of the Land Registration Act 2002, send a copy of the notice to the Chief Land Registrar.
2002 c. 9.
4 For the purposes of section 178 of the IA 1986, the date of the prescribed notice is that on which the administrator authenticated it.