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Insolvency Practitioners Dealing With Property Subject To Restraint Order

Volume 116: debated on Tuesday 12 May 1987

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I beg to move amendment No. 13, in page 31, line 26, after 'construction', insert

'the reference in subsection (2)(a) of that section to a permanent or interim trustee in a sequestration shall be taken to include a reference to a trustee in a sequestration and'.

With this it will be convenient to take Government amendment No. 14.

These are simple technical amendments to Clause 37, which provides protection for insolvency practitioners to deal with property subject to a restraint order when they have reasonable grounds for believing that they are entitled to do so. These amendments simply make transitional provision to protect, respectively, trustees in sequestration and official receivers in bankruptcy proceedings commenced before the recent reforms in bankruptcy law in the 1985 Act and the Insolvency Act 1986 before these came into force.

Amendment agreed to.

Amendment made: No. 14, in page 31, line 29, leave out from 'manager' to 'the' in line 31 and insert 'of.— [The Solicitor-General for Scotland.]