Part 2Functions of judicial factor

Power of court to specify functions of judicial factor

14Power of court to specify functions of judicial factor

(1)

In appointing a judicial factor the court may specify in the appointing interlocutor—

(a)

that there is not conferred on the judicial factor any, or any part, of—

(i)

the general function,

(ii)

the standard powers,

(iii)

the functions set out in sections 15 to 22,

(b)

any additional function which is conferred on the judicial factor.

(2)

The court may, on the application of the judicial factor at any time after the appointment date—

(a)

relieve the judicial factor of any function conferred on the judicial factor by the appointing interlocutor,

(b)

confer an additional function on the judicial factor.

(3)

The judicial factor must intimate to the Accountant any application—

(a)

to be relieved of a function under subsection (2)(a),

(b)

for an additional function to be conferred under subsection (2)(b).

(4)

On receiving intimation under subsection (3) the Accountant must—

(a)

make such inquiry as the Accountant considers appropriate, and

(b)

submit to the court a report indicating whether, in the opinion of the Accountant, it would be expedient to grant the application.