Paragraph 5 F1
Paragraph 11 is modified so as to read as follows—
“11.The court may make an administration order in relation to a partnership only if satisfied—
(a)that the partnership is unable to pay its debts, and
(b)that the administration order is reasonably likely to achieve the purpose of administration.”.
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)