Section 255: Deed administrator

255. Deed administrator (1) The administrator of a company in administration shall be the deed administrator, unless the creditors at the watershed meeting by resolution appoint someone else to be the deed administrator. (2) A natural person who is not disqualified under subsection (3) may be appointed deed administrator. (3) A person shall not be appointed deed administrator if that person is disqualified from acting as a liquidator of the company, unless the Court orders otherwise. (4) A person shall not be appointed deed administrator unless that person has consented in writing and has not withdrawn the consent at the time when the deed of company arrangement is executed. (5) Except in the case of removal by the Court, the appointment of a deed administrator shall not be revoked. (6) Two or more persons may be appointed deed administrators. (7) Where 2 or more persons are appointed deed administrators jointly— (a) a deed administrator’s function or power may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order, instrument or resolution appointing them provides otherwise; and (b) a reference in this Act to a deed administrator refers to whichever one or more of the deed administrators as the case requires.