# Enterprise Act 2002, Paragraph 1: Disqualification for acting as receiver or manager


The following shall be substituted for section 31 of the Insolvency Act 1986 (c. 45) (receiver and manager: disqualification)—
“ Disqualification of bankrupt
31 (1) A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—
(a) he is an undischarged bankrupt, or
(b) a bankruptcy restrictions order is in force in respect of him.
(2) A person guilty of an offence under subsection (1) shall be liable to imprisonment, a fine or both.
(3) This section does not apply to a receiver or manager acting under an appointment made by the court.”

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Source: https://www.legislation.gov.uk/ukpga/2002/40/schedule/21/paragraph/1 (the official version)
Page: https://openlegislation.uk/enterprise-act-2002/schedule-21/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.