57 Agency and liability of receiver for contracts
57 Agency and liability of receiver for contracts

(1)     A receiver is deemed to be the agent of the company in relation to such property of the company as is attached by the floating charge by virtue of which he was appointed.

[(1A)     Without prejudice to subsection (1), a receiver is deemed to be the agent of the company in relation to any contract of employment adopted by him in the carrying out of his functions.]

(2)     A receiver (including a receiver whose powers are subsequently suspended under section 56) is personally liable on any contract entered into by him in the performance of his functions, except in so far as the contract otherwise provides, and[, to the extent of any qualifying liability,] on any contract of employment adopted by him in the carrying out of those functions.