| Commentary

166 Overview

| Commentary

2: POWERS AND DUTIES OF RECEIVERS

166 Overview

The powers of any receiver depend upon the terms of the debenture, mortgage or charge under which he was appointed. This usually contains extensive powers of management of the business property and affairs of the company (or such of the assets of the company over which he was appointed receiver). In addition, under the Insolvency Act 1986 Section 42(1), an administrative receiver has all the powers set out in Schedule 1 to that Act. These powers fall to be interpreted as if they were contained in the debenture and as a result, they

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