Insolvency Act

580. General powers of administrator

Edition: 2022-12-31 · In force

580. General powers of administrator

(1)The administrator of a company may take any action that contributes to, or is likely to contribute to, the effective and efficient management of the affairs and property of the company.

(2)A provision of this Part that expressly permits the administrator to do or not to do a specified act does not limit the effect of subsection (1).

(3)A person who deals with the administrator of a company in good faith and for value need not inquire whether the administrator is acting within the administrator's powers.

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Source: Kenya Law