juris

Section 224: Effect on company officers

Insolvency Act · PART III: WINDING UP AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

224. Effect on company officers (1) The appointment of an administrator does not remove the directors of the company from office. (2) A director of a company that is in administration may not exercise or perform, or purport to exercise or perform, a function or power as an officer of the company except— (a) with the prior written approval of the administrator; or (b) as expressly permitted by this Sub-part. I14 – 131 [Issue 3] Insolvency Act

Ask juris about this section Official source