Insolvency Act · s 217

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s 217Meaning of “act as insolvency practitioner”

(1)

A person acts as an insolvency practitioner in relation to a company by acting —

(a)

as its liquidator, provisional liquidator, judicial manager or receiver; or

(b)

where a voluntary arrangement in relation to the company is proposed or approved, as nominee or supervisor.

(2)

In relation to a voluntary arrangement proposed under Part 2, a person acts as nominee if he performs any of the functions conferred on nominees under that Part.

(3)

Nothing in this section applies to anything done by the Official

Receiver.

(4)

In this section, “company” includes a company that may be wound up under Part 6.