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The Insolvency (Northern Ireland) Order 1989
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General Provisions
Disqualification of body corporate from acting as receiver
40. A body corporate is not qualified for appointment as receiver of the property of a company, and any body corporate which acts as such a receiver shall be guilty of an offence.
Disqualification of undischarged bankrupt
41.—(1) If a person being an undischarged bankrupt acts as receiver or manager of the property of a company on behalf of debenture holders, he shall be guilty of an offence.
(2) This Article does not apply to a receiver or a manager acting under an appointment made by the High Court.
Power of High Court to appoint official receiver
42. Where application is made to the High Court to appoint a receiver on behalf of the debenture holders or other creditors of a company which is being wound up by the Court, the official receiver may be so appointed.
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