Section 39 Settlement, etc. made in compliance with a property adjustment order may be avoided on bankruptcy of settlor.C1
The fact that a settlement or transfer of property had to be made in order to comply with a property adjustment order shall not prevent that settlement or transfer from being F1a transaction in respect of which an order may be made under F2section 339 or 340 of the M1Insolvency Act 1986 (transactions at an undervalue and preferences.)
Annotations
Textual amendments
- F1
Words substituted by Insolvency Act 1985 (c. 65, SIF 66), ss. 235, 236, Sch. 8 para. 23, Sch. 9 para. 11(2)
- F2
Words substituted by virtue of Insolvency Act 1986 (c. 45, SIF 66), ss. 439(2), 440, 441, Sch 14
Marginal citations
- M1
1986 c.45(66).
Modifications
- C1
S. 39 extended by Matrimonial and Family Proceedings Act 1984 (c. 42, SIF 49:3), ss. 21(j), 48(2)