OpenLegislation

Article 39 Division of unsold assetsI1

England and Wales

The energy administrator may, with the permission of the creditors, divide in its existing form amongst the protected energy company’s creditors, according to its estimated value, any property which from its peculiar nature or other special circumstances cannot be readily or advantageously sold.

Annotations

Commencement

I1

Rule 39 in force at 1.10.2005, see rule 1