# The Insolvency (England and Wales) Rules 2016, Rule 17.26: Dealings by committee members and others: administration and administrative receivership


(1) This rule applies in an administration and administrative receivership.
(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.
(3) The court may, on the application of an interested person—
(a) set aside a transaction which appears to it to be contrary to this rule; and
(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.

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Source: https://www.legislation.gov.uk/uksi/2016/1024/rule/17.26 (the official version)
Page: https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-17.26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.