# Insolvency Act 1986, Paragraph 1


(1) Where any right to appoint an administrative receiver of a company is conferred by any debentures or floating charge created before the appointed day, the conditions precedent to the exercise of that right are deemed to include the presentation of a petition applying for an administration order to be made in relation to the company.
(2) “Administrative receiver” here has the meaning assigned by section 251.

---
Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/11/paragraph/1 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-11/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.