# Companies Act 1948, Section 366: Disqualification of body corporate for appointment as receiver.


A body corporate shall not be qualified for appointment as receiver of the property of a company, and any body corporate which acts as such a receiver shall be liable to a fine not exceeding one hundred pounds.

---
Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/366 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-366
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.