C1Part 2Regulation of Social Housing

Annotations:
Modifications etc. (not altering text)

Chapter 4Registered providers

Insolvency etc.

I1154Proposals: effect

1

The following are obliged to implement agreed proposals—

a

the regulator,

b

the registered provider,

c

its creditors, and

d

any liquidator, administrator, administrative receiver or receiver appointed in respect of the registered provider or any of its land.

2

The following shall co-operate with implementation of agreed proposals—

a

in the case of a charitable trust, its trustees,

F2aa

in the case of a charitable incorporated organisation, its charity trustees (as defined by section 177 of the Charities Act 2011),

b

in the case of F1a registered society, its committee members, and

c

in the case of a registered company, its directors.

3

Subsection (2) does not require or permit a breach of a fiduciary or other duty.