# Insolvency Act 1986, Section 72D: Third exception: utilities


(1) Section 72A does not prevent the appointment of an administrative receiver of a project company of a project which—
(a) is a utility project, and
(b) includes step-in rights.
(2) In this section—
(a) “utility project” means a project designed wholly or mainly for the purpose of a regulated business,
(b) “regulated business” means a business of a kind listed in paragraph 10 of Schedule 2A,
(c) “step-in rights” has the meaning given by paragraph 6 of that Schedule, and
(d) “project company” has the meaning given by paragraph 7 of that Schedule.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/72D (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-72D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.