COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 319 Disqualification of body corporate for appointment as receiver.

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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 319

Disqualification of body corporate for appointment as receiver.

319.(1) If any person being an undischarged bankrupt acts as receiver or
manager of the property of a company on behalf of debenture holders, he shall,
subject to sub-section (2), be liable on conviction on indictment to
imprisonment for a term not exceeding two years, or on summary conviction to
imprisonment for a term not exceeding six months or to a fine not exceeding
five hundred pounds or to both.

(2) Sub-section (1) shall not apply to a receiver or manager where

(a)the appointment under which he acts and the bankruptcy were both before the
commencement of this Act; or

(b)he acts under an appointment made by order of a court.[

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Northern Irish Legislation

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 319