105 Operation of interim management orders

105  Operation of interim management orders

(1)     This section deals with the time when an interim management order comes into force or ceases to have effect.

(2)     The order comes into force when it is made, unless it is made under section 102(3).

(3)     If the order is made under section 102(3), it comes into force when the revocation of the licence comes into force.

(4)     The order ceases to have effect at the end of the period of 12 months beginning with the date on which it is made, unless it ceases to have effect at some other time as mentioned below.

(5)     If the order provides that it is to cease to have effect on a date falling before the end of that period, it accordingly ceases to have effect

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