# Insolvency Act 1986, Section 246C: Creditors' ability to opt out of receiving certain notices

Extent: E+W+S

(1) Any provision of the rules which requires an office-holder of a company to give a notice to creditors of the company does not apply, in circumstances prescribed by the rules, in relation to opted-out creditors.
(2) Subsection (1)—
(a) does not apply in relation to a notice of a distribution or proposed distribution to creditors;
(b) is subject to any order of the court requiring a notice to be given to all creditors (or all creditors of a particular category).
(3) Except as provided by the rules, a creditor may participate and vote in a qualifying decision procedure or a deemed consent procedure even though, by virtue of being an opted-out creditor, the creditor does not receive notice of it.
(4) In this section—
“give” includes deliver, furnish or send;
“notice” includes any document or information in any other form;
“office-holder”, in relation to a company, means—
(a)a liquidator, provisional liquidator, administrator or administrative receiver of the company,
(b)a receiver appointed under section 51 in relation to any property of the company, or
(c)the supervisor of a voluntary arrangement which has taken effect under Part 1 in relation to the company.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/246C (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-246C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.