[248A “Opted-out creditor”]
[248A “Opted-out creditor”]

[(1)     For the purposes of this Group of Parts “opted-out creditor”, in relation to an office-holder of a company, means a person who—

(a)     is a creditor of the company, and

(b)     in accordance with the rules has elected (or is deemed to have elected) to be (and not to cease to be) an opted-out creditor in relation to the office-holder.

(2)     In this section, “office-holder”, in relation to a company, means—

(a)     a liquidator, provisional liquidator, administrator or administrative receiver of the company,

(b)     a receiver appointed under section 51 in relation to any property of the company, or