{
  "url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-17.26",
  "json_url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-17.26.json",
  "legislation": "uksi/2016/1024",
  "legislation_title": "The Insolvency (England and Wales) Rules 2016",
  "legislation_url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016",
  "path": "rule/17.26",
  "kind": "rule",
  "number": "17.26",
  "heading": "Dealings by committee members and others: administration and administrative receivership",
  "text": "(1) This rule applies in an administration and administrative receivership.\n(2) Membership of the committee does not prevent a person from dealing with the company provided that a transaction is in good faith and for value.\n(3) The court may, on the application of an interested person—\n(a) set aside a transaction which appears to it to be contrary to this rule; and\n(b) make such other order about the transaction as it thinks just including an order requiring a person to whom this rule applies to account for any profit obtained from the transaction and compensate the company for any resultant loss.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/1024/rule/17.26",
    "retrieved_at": "2026-10-28T23:19:01.539785+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."
}