Section 254: Act of administrator
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.
254. Act of administrator
(1) A payment made, transaction entered into, or any other act or thing
done, in good faith, by or with the consent of the administrator of a company
in administration, shall not be set aside in the liquidation of the company.
(2) Sub-part IV of Part IV shall not apply to a transaction by a company
in administration where the transaction is—
(a) carried out by or with the authority of the administrator or deed
administrator; or
(b) specifically authorised by the deed of company arrangement and
carried out by the deed administrator.
Section F – Deed administrator