Insolvency Act · s 20

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s 20Disqualification for appointment as receiver

(1)

The following shall not be qualified to be appointed and shall not act as receiver of the property of a company —

(a)

a corporation;

(b)

an undischarged bankrupt;

(c)

a mortgagee of any property of the company, or an auditor of the company or a director, secretary or employee of the company

Insolvency 36

or of any corporation which is a mortgagee of the property of the company; and

(d)

any person who is neither an approved liquidator nor the

Official Receiver.

(2)

Nothing in subsection (1)(a) or (d) shall apply to any corporation authorised by any written law to act as receiver of the property of a company.