Article 126 Protection of receiver appointed under articles 101, 113 and 116I1
United Kingdom
If a receiver appointed under article 101 F1or 113—
(a)
takes action in relation to property which is not realisable property or, as the case may be, the specified property,
(b)
would be entitled to take the action if it were realisable property or, as the case may be, the specified property, and
(c)
believes on reasonable grounds that he is entitled to take the action,
he is not liable to any person in respect of any loss or damage resulting from the action, except so far as the loss or damage is caused by his negligence.
Annotations
Textual amendments
- F1
Words in art. 126 substituted (1.4.2008) by The Proceeds of Crime Act 2002 (External Requests and Orders) (Amendment) Order 2008 (S.I. 2008/302), arts. 1(1), 2(31)