SCHEDULE 21 Effect of Bankruptcy Restrictions Order and Undertaking
Enterprise Act 2002 (2002 c 40) | Legislation

SCHEDULE 21 Effect of Bankruptcy Restrictions Order and Undertaking

Section 257

Disqualification for acting as receiver or manager

1

The following shall be substituted for section 31 of the Insolvency Act 1986 (c 45) (receiver and manager: disqualification)—

“31 Disqualification of bankrupt

(1)     A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—

(a)     he is an undischarged bankrupt, or

(b)     a bankruptcy restrictions order is in force in respect of him.

(2)

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