Schedule B1, paragraph 59

The administrator of a company may do anything necessary or expedient for the management of the affairs, business and property of the company. A provision of this Schedule which expressly permits the administrator to do a specified thing is without prejudice to the generality of sub-paragraph (1). A person who deals with the administrator of a company in good faith and for value need not inquire whether the administrator is acting within his powers.

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Source: legislation.gov.uk · retrieved 2026-09-04