Part III Receivership
Chapter I Receivers and Managers (England and Wales)
Preliminary and general provisions
F231 Disqualification of bankrupt F1 or person in respect of whom a debt relief order is made
(1)
A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—
(a)
he is an undischarged bankrupt,
F3(aa)
a moratorium period under a debt relief order applies in relation to him, or
(b)
a bankruptcy restrictions order F4or a debt relief restrictions order is in force in respect of him.
(2)
A person guilty of an offence under subsection (1) shall be liable to imprisonment, a fine or both.
(3)
This section does not apply to a receiver or manager acting under an appointment made by the court.