Insolvency Act

609. Power of company to appoint replacement administrator appointed under section 541(1)

Edition: 2022-12-31 · In force

(1)If the administrator of a company was appointed under section 541(1), the company may replace the administrator.

(2)A replacement under this section may be made only—

(a)with the consent of each person who is the holder of a qualifying floating charge in respect of the company's property; or

(b)if consent is withheld, with the approval of the Court.