PART 14

Voluntary trust deeds for creditors

Protected trust deeds: protected status

Protected status: general
163
1
A trust deed has protected status (and is to be known as a “protected trust deed”) where—
a
the conditions set out in sections 164, 165, 166(2) (where it applies) and 167 to 170 are met, and
b
the deed is registered under section 171(2) in the register of insolvencies.
2
And it has that status from the date on which it is so registered (that date being, in this Part, referred to as the “date of protection”).
S. 163 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2