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Rule 4.81 Second excepted case

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In the circumstances specified below, a person to whom section 216 applies as having been a director or shadow director of the liquidating company may act in any of the ways mentioned in section 216(3), notwithstanding that he has not the leave of the court under that section.

(2)

Those circumstances are that -

(a)

he applies to the court for leave, not later than 7 days from the date on which the company went into liquidation, and

(b)

leave is granted by the court not later than 6 weeks from that date.