C1Part 2Regulation of Social Housing
Annotations:
Modifications etc. (not altering text)
Chapter 4Registered providers
Insolvency etc.
I1154Proposals: effect
1
The following are obliged to implement agreed proposals—
a
the regulator,
b
the registered provider,
c
its creditors, and
d
any liquidator, administrator, administrative receiver or receiver appointed in respect of the registered provider or any of its land.
2
The following shall co-operate with implementation of agreed proposals—
a
in the case of a charitable trust, its trustees,
b
in the case of F1a registered society, its committee members, and
c
in the case of a registered company, its directors.
3
Subsection (2) does not require or permit a breach of a fiduciary or other duty.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)