129 Administration: sales to connected persons
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

129  Administration: sales to connected persons

(1)     Schedule B1 to the Insolvency Act 1986 (administration) is amended as follows.

(2)     Paragraph 60 (power of administrators) becomes sub-paragraph (1) of that paragraph.

(3)     After that sub-paragraph insert—

“(2)     But the power to sell, hire out or otherwise dispose of property is subject to any regulations that may be made under paragraph 60A.”

(4)     After paragraph 60 insert—

“60

(1)     The Secretary of State may by regulations make provision for—

(a)     prohibiting, or

(b)     imposing requirements or conditions in relation to,

the

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