Section 248A(1)

For the purposes of this Group of Parts “opted-out creditor”, in relation to an office-holder of a company, means a person who— is a creditor of the company, and in accordance with the rules has elected (or is deemed to have elected) to be (and not to cease to be) an opted-out creditor in relation to the office-holder.

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