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”).