Section 246ZD: Power to assign

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part VI: Miscellaneous Provisions Applying to Companies Which are Insolvent or in Liquidation

This section applies in the case of a company where—

the company enters administration, or
the company goes into liquidation;

and "the office-holder" means the administrator or the liquidator, as the case may be.

The office-holder may assign a right of action (including the proceeds of an action) arising under or by virtue of any of the following—

section A43 (challenges to monitor remuneration in subsequent insolvency proceedings);
section 213 or 246ZA (fraudulent trading);
section 214 or 246ZB (wrongful trading);
section 238 (transactions at an undervalue (England and Wales));
section 239 (preferences (England and Wales));
section 242 (gratuitous alienations (Scotland));
section 243 (unfair preferences (Scotland));
section 244 (extortionate credit transactions).

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