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Section 263: Act of creditor

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.

263. Act of creditor No person shall in so far as he would be bound by a deed if it had already been executed— (a) do anything inconsistent with the deed, except with the permission of the Court; or (b) take a step that is prohibited under section 267, during the period between a resolution passed at the watershed meeting that the company execute a deed of company arrangement and the sooner of— (i) execution of the deed by the company and the deed administrator; or (ii) expiry of the period during which the deed may be executed.

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