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Part IIIE+W+S Receivership

Modifications etc. (not altering text)

C1Pts. I-VII (ss. 1-251) applied (with modifications) by S.I. 1989/1276, arts. 2, 3

Pt. 3 applied (with modifications) (4.4.2006) by The Cross-Border Insolvency Regulations 2006 (S.I. 2006/1030), reg. 3

C2Pt. III (ss. 28-72) extended by S.I. 1989/638, regs. 19(1), 21

C3Pt. III: power to apply or incorporate conferred (6.4.2001) by 2000 c. 12, s. 14; S.I. 2000/3316, art. 2

C4Pts. 1-4, 6, 7 applied to limited liability partnerships (with modifications) (E.W.S.) (6.4.2001) by S.I. 2001/1090, reg. 5, Schs. 3, 4

Chapter IIIE+W+S Receivers’ Powers in Great Britain as a Whole

72 Cross-border operation of receivership provisions.E+W+S

(1)A receiver appointed under the law of either part of Great Britain in respect of the whole or any part of any property or undertaking of a company and in consequence of the company having created a charge which, as created, was a floating charge may exercise his powers in the other part of Great Britain so far as their exercise is not inconsistent with the law applicable there.

(2)In subsection (1) “receiver” includes a manager and a person who is appointed both receiver and manager.