# The Insolvency (Northern Ireland) Order 1989, Paragraph 16


(1) A person may not appoint an administrator under paragraph 15 unless—
(a) he has given at least 2 business days' written notice to the holder of any prior floating charge which satisfies paragraph 15(2), or
(b) the holder of any prior floating charge which satisfies paragraph 15(2) has consented in writing to the making of the appointment.
(2) One floating charge is prior to another for the purposes of this paragraph if—
(a) it was created first, or
(b) it is to be treated as having priority in accordance with an agreement to which the holder of each floating charge was party.

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Source: https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/16 (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.