# The Insolvency (Northern Ireland) Order 1989, Paragraph 98


(1) This paragraph applies where—
(a) an administrator of a company is appointed by a company or directors under paragraph 23, and
(b) there is no holder of a qualifying floating charge in respect of the company's property.
(2) A creditors' meeting may replace the administrator.
(3) A creditor's meeting may act under sub-paragraph (2) only if the new administrator's written consent to act is presented to the meeting before the replacement is made.

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Source: https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/98 (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.