Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 1997 - onwards
  Version 2 of 2    

148. Effect on receiver or provisional liquidator of order appointing examiner.

(1) Where, at the time of the presentation of a petition under section 142 with respect to a credit union, a receiver or provisional liquidator stands appointed to the whole or any part of the assets of that credit union, the Court may make such order as it thinks fit, including an order as to any or all of the following matters -

(a) that the receiver or provisional liquidator shall cease to act as such from a date specified by the Court;

(b) that, where a receiver stands appointed, he shall, from a date specified by the Court, act as such only in respect of certain assets specified by the Court;

(c) that, where a provisional liquidator stands appointed, he be appointed as examiner;

(d) directing the receiver or provisional liquidator to deliver all books and documents which relate to the assets of the credit union (or any part thereof) and are in his possession or control, to the examiner within a period to be specified by the Court;

(e) directing the receiver or provisional liquidat