31Powers of receiver on liquidation or bankruptcy
Subject to subsection (2), a receiver may be appointed or continue to act as a receiver and exercise all the powers of a receiver in respect of property of—
- a company that is being wound up or that has been put into liquidation; or
- a debtor who has been adjudged bankrupt under the Insolvency Act 2006—
A receiver holding office in respect of property referred to in subsection (1) may act as the agent of the grantor only—
- with the approval of the court; or
- with the written consent of the liquidator or the Official Assignee, as the case may be.
A receiver who, by reason of subsection (2), is not able to act as the agent of the grantor does not, by reason only of that fact, become the agent of a person by whom or in whose interests the receiver was appointed.
A debt or liability incurred by a grantor through the acts of a receiver who is acting as the agent of the grantor in accordance with subsection (2) is not a cost, charge or expense of the liquidation or the administration of the bankrupt's estate.
Notes
- Section 31(1)(b): amended, on , by section 445 of the Insolvency Act 2006 (2006 No 55).


