Receivers and managers
This section has no associated Explanatory Notes
12(1)Section 48 (report by administrative receiver - England and Wales) is amended as follows.
(2)In subsection (1), after “such creditors” insert “, other than opted-out creditors,”.
(3)In subsection (2)—
(a)in paragraph (a), after “company” insert “, other than opted-out creditors,”;
(b)omit the words after paragraph (b).
(4)Omit subsection (3).