# The Insolvency Rules 1986, Rule 3.40: Receiver to deal with prescribed part


Where Rule 3.39 applies—
(a) the receiver may present a petition for the winding up of the company if the ground of the petition is that in section 122(1)(f);
(b) where a liquidator or administrator has been appointed to the company, the receiver shall deliver up the sums representing the prescribed part to him;
(c) in any other case, the receiver shall apply to the court for directions as to the manner in which he is to discharge his duty under section 176A(2)(a) and shall act in accordance with such directions as are given by the court.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/3.40 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-3.40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.