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Insolvency Act · s 29
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Insolvency Act · s 29
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Any receiver or manager taking possession of any property of a company or of the property in Brunei Darussalam of any other corporation for the purpose of enforcing any charge shall, notwithstanding any agreement to the contrary, but without prejudice to his rights against the company or such other corporation or any other person, be liable for debts incurred by him in the course of the receivership or possession for services rendered, goods purchased or property hired, leased, used or occupied.
Subsection (1) shall not be so construed as to constitute the person entitled to the charge as a mortgagee in possession.