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The Insolvency (Northern Ireland) Order 1989

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This is the original version (as it was originally made).

Trustee acting when deed of arrangement void

218.—(1) If a trustee acts under a deed of arrangement—

(a)after it has to his knowledge become void by reason of non-compliance with any of the requirements of this Chapter or any statutory provision repealed by this Order, or

(b)after he has failed to give security within the time provided for by Article 221,

he shall be guilty of an offence and, for continued contravention, shall be guilty of a continuing offence.

(2) It is a defence for a person charged under this Article to prove that the contravention was due to inadvertence, or that his action has been confined to taking such steps as were necessary for the protection of the estate.

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