Section 46(2)

This section and the next do not apply in relation to the appointment of an administrative receiver to act— with an existing administrative receiver, or in place of an administrative receiver dying or ceasing to act, except that, where they apply to an administrative receiver who dies or ceases to act before they have been fully complied with, the references in this section and the next to the administrative receiver include (subject to the next subsection) his successor and any continuing administrative receiver.

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