Insolvency Act

552. Appointment under section 541 not to take effect in certain cases

Edition: 2022-12-31 · In force

552. Appointment under section 541 not to take effect in certain cases

If, before the requirements of section 548 are satisfied, the company enters administration under an administration order, or because of an appointment under section 534—

(a)the appointment under section 541 has no effect; and

(b)the requirement imposed by section 551 does not apply.

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Source: Kenya Law