Paragraph 29 C1F1

Paragraph 87 is modified to read as follows—

“87.

(1)

An administrator may resign only in prescribed circumstances.

(2)

Where an administrator may resign he may do so only—

(a)

in the case of an administrator appointed by administration order, by notice in writing to the court,

(b)

in the case of an administrator appointed under paragraph 14, by notice in writing to the holder of the agricultural floating charge by virtue of which the appointment was made, or

(c)

in the case of an administrator appointed under paragraph 22, by notice in writing to the members of the insolvent partnership.”.