Insolvency Act · 2022 Revised Edition · Part 3
29. Liability of receiver or manager
Official textFrom Attorney General's Chambers, unchanged
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.
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.
Subsection (1) shall not be so construed as to constitute the person entitled to the charge as a mortgagee in possession.
Terms defined in this Act
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
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.
Part
Judicial Management
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part