# Insolvency Act 1986, Section 103: Cesser of directors’ powers.


On the appointment of a liquidator, all the powers of the directors cease, except so far as the liquidation committee (or, if there is no such committee, the creditors) sanction their continuance.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/103 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.