Paragraph 37 F1

Paragraph 97 is modified so as to read as follows—

“97.

(1)

This paragraph applies where—

(a)

an administrator of a partnership is appointed by the members of the partnership under paragraph 22, and

(b)

there is no holder of a qualifying agricultural floating charge in respect of the partnership property.

(F22)

The administrator may be replaced by a decision of the creditors made by a qualifying decision procedure.

(3)

The decision has effect only if, before the decision is made, the new administrator has consented to act in writing ”.