Insolvency Act · 2022 Revised Edition · Part 7
Section 214
Official textFrom Attorney General's Chambers, unchanged
This section applies in the case of a company where —
company
“company” means a company incorporated or registered under the Companies Act;
the company enters judicial management;
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the company goes into liquidation; or
a provisional liquidator is appointed, and “office holder” means the judicial manager, liquidator or provisional liquidator, as the case may be.
Subject as follows, a lien or other right to retain possession of any of the books, papers or other records of the company is unenforceable to the extent that its enforcement would deny possession of any books, papers or other records to the office holder.
This does not apply to a lien on documents which give a title to property and are held as such.
property
“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
Remote attendance at meetings
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
property
Defined · s 3“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.