98. Insolvency of licensed operators.

In general, a licence1 and the obligations arising out of or incidental to it are not to be treated as property for the purposes of the Insolvency Act 19862. However, where a licence authorises3 the official receiver4 or any person who is for the time being acting as an insolvency practitioner5 in relation to the holder6 of the licence to carry on any of the coal-mining operations7 to which the licence relates or to transfer the rights and obligations of the holder of the licence to another person, he may do so