OpenLegislation

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)