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Paragraph 1 Duties and powers confined to the cell

Original text. Later amendments are not shown.

(1)

The appointment of a relevant office holder in respect of a cell, and the powers and duties of the relevant office holder, are confined to—

(a)

the cell;

(b)

the business and affairs of the cell; and

(c)

the property held by the protected cell company on behalf of the cell.

(2)

In sub-paragraph (1), a “relevant office holder” means—

(a)

an administrator;

(b)

a liquidator;

(c)

a provisional liquidator; or

(d)

a special manager.