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Paragraph 33 F1

Paragraph 93 is modified so as to read as follows—

“93.
(1)

Where the administrator was appointed under paragraph 22 by the members of the partnership they may replace the administrator.

(2)

A replacement under this paragraph may be made only—

(a)

with the consent of each person who is the holder of a qualifying agricultural floating charge in respect of the partnership property, or

(b)

where consent is withheld, with the permission of the court.”.

Annotations

Textual amendments

F1

Sch. 2 substituted (1.7.2005) by The Insolvent Partnerships (Amendment) Order 2005 (S.I. 2005/1516), art. 1(1), Sch. 1 (with art. 2)