Section 114

In this Part “FMI administration order” means an order which— is made by the court in relation to an infrastructure company, and directs that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court. A person appointed as mentioned in subsection (1)(b) is referred to in this Part as an FMI administrator. The FMI administrator of a company must manage its affairs, business and property, and exercise and perform the FMI administrator's functions, so as to achieve the objective in section 115.

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