Section 154 Proposals: effectI1
England and Wales
The following are obliged to implement agreed proposals—
the regulator,
the registered provider,
its creditors, and
any liquidator, administrator, administrative receiver or receiver appointed in respect of the registered provider or any of its land.
The following shall co-operate with implementation of agreed proposals—
in the case of a charitable trust, its trustees,
in the case of a charitable incorporated organisation, its charity trustees (as defined by section 177 of the Charities Act 2011),
in the case of a limited liability partnership, its members,
in the case of F3a registered society, its committee members, and
in the case of a registered company, its directors.
Subsection (2) does not require or permit a breach of a fiduciary or other duty.
Annotations
Textual amendments
- F1
S. 154(2)(aa) inserted (5.7.2018) by Housing and Planning Act 2016 (c. 22), s. 216(3), Sch. 6 para. 6; S.I. 2018/805, reg. 3(c)
- F2
S. 154(2)(ab) inserted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 18; S.I. 2024/437, reg. 2(w)(iii)
- F3
Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 122 (with Sch. 5)
Commencement
- I1
S. 154 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)
Notes on Part 2
Modifications
- C1
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)