125 Powers of administratorThe administrator of a company may do all such things as may be necessary or expedient for the management of the affairs, business and property of the company. He also has the specific powers set out in Schedule 1 to the Insolvency Act 19861. The administrator of a company may make a payment otherwise than by way of distribution to creditors or under paragraph 13 to Schedule 1 (payment necessary or incidental to the performance of his functions) if he thinks it likely to assist achievement of the purpose of administration2. In exercising his powers, the
The administrator of a company may do all such things as may be necessary or expedient for the management of the affairs, business and property of the company. He also has the specific powers set out in Schedule 1 to the Insolvency Act 19861. The administrator of a company may make a payment otherwise than by way of distribution to creditors or under paragraph 13 to Schedule 1 (payment necessary or incidental to the performance of his functions) if he thinks it likely to assist achievement of the purpose of administration2. In exercising his powers, the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234