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Paragraph 5 Dealings in good faith with administratorI1

United Kingdom

(1)

A person dealing with an administrator in good faith and for value is not concerned to enquire whether the administrator is acting within the powers mentioned in paragraph 3.

(2)

Sub-paragraph (1) does not apply where the administrator or an associate purchases property in contravention of paragraph 3(10).

(3)

The validity of any title is not challengeable by reason only of the administrator having acted out with the powers mentioned in paragraph 3.

(4)

The exercise of a power mentioned in paragraph 3(4) to (11) must be in A’s name except where and in so far as an order made by the court under this sub-paragraph vests the property in the administrator (or in a previous administrator).

(5)

The court may make an order under sub-paragraph (4) on the application of the administrator or on its own motion.

Annotations

Commencement

I1

Sch. 1 para. 5 in force at 1.1.2006, see art. 1