{
  "url": "https://openlegislation.uk/insolvency-act-1986/schedule-13/part-I",
  "json_url": "https://openlegislation.uk/insolvency-act-1986/schedule-13/part-I.json",
  "legislation": "ukpga/1986/45",
  "legislation_title": "Insolvency Act 1986",
  "legislation_url": "https://openlegislation.uk/insolvency-act-1986",
  "path": "schedule/13/part/I",
  "kind": "part",
  "number": "I",
  "heading": "Internal and Other Section References Amended or Re-amended",
  "text": "Section of Act\nConsequential amendment or re-amendment\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\nSection 153(3)\nIn paragraph (f), for “section 582” substitute “section 110 of the Insolvency Act”.\nIn paragraph (g), for “Chapter II of Part II of the Insolvency Act 1985” substitute “Part I of the Insolvency Act”.\nSection 156(3)\nFor “section 517” substitute “section 122 of the Insolvency Act”.\n. . .\n. . .\nSection 196\nFor this section substitute—“196.—(1) The following applies in the case of a company registered in England and Wales, where debentures of the company are secured by a charge which, as created, was a floating charge.(2) If possession is taken, by or on behalf of the holders of any of the debentures, of any property comprised in or subject to charge, and the company is not at that time in course of being wound up, the company’s preferential debts shall be paid out of assets coming to the hands of the person taking possession in priority to any claims for princpipal or interest in respect of the debentures.(3) “Preferential debts\" means the categories of debts listed in Schedule 6 to the Insolvency Act; and for the purposes of that Schedule “the relevant date” is the date of possession being taken as above mentioned.(4) Payments made under this section shall be recouped, as far as may be, out of the assets of the company available for payment of general creditors.”\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\nSection 441(1)\nFor “section 13 of the Insolvency Act 1985” substitute “section 8 of the Company Directors Disqualification Act 1986”.\n. . .\n. . .\n. . .\n. . .\nSection 462(5)\nAfter “this Part” insert “and Part III of the Insolvency Act 1986”.\nSection 463(2)\nFor “Part XX (except section 623(4))” substitute “Part IV of the Insolvency Act (except section 185)”.\nSection 463(3)\nFor this subsection substitute—“(3) Nothing in this section derogates from the provisions of sections 53(7) and 54(6) of the Insolvency Act (attachment of floating charge on appointment of receiver), or prejudices the operation of sections 175 and 176 of that Act (payment of preferential debts in winding up)\".\nSection 464(6)\nFor “section 89 of the Insolvency Act 1985” substitute “sections 175 and 176 of the Insolvency Act”.\n. . .\n. . .\n. . .\n. . .\nSection 711(2)\nIn paragraph (b), for “section 600” substitute “section 109 of the Insolvency Act”.\nSection 733\nIn subsection (1), omit “295(7)”.\n. . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Entries in Pt. I of Sch. 13, relating to sections 222(4), 225 and 733(3) repealed by Companies Act 1989 (c. 40, SIF 27), ss. 212, 213(2), Sch. 24"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Sch. 13 Pt. 1: entries repealed (1.10.2007) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/2194, arts. 1(3)(a), 8, Sch 2 Pt. 1"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Sch. 13 Pt. 1: entry repealed (6.4.2005) by Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27), ss. 64, 65, Sch. 8; S.I. 2004/3322, art. 2(2), Sch. 2 (subject to arts. 3-13)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Sch. 13 Pt. 1: entry repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 Pt. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/45/schedule/13/part/I",
    "retrieved_at": "2026-10-29T09:55:00.443447+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}