ManagementU.K.
This section has no associated Explanatory Notes
5(1)Power to manage any property to which the order applies.
(2)Managing property includes—
(a)selling or otherwise disposing of assets comprised in the property which are perishable or which ought to be disposed of before their value diminishes,
(b)where the property comprises assets of a trade or business, carrying on, or arranging for another to carry on, the trade or business,
(c)incurring capital expenditure in respect of the property.
Commencement Information
I1Sch. 6 para. 5 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)