A body corporate is not qualified for appointment as receiver of the property of a company, and any body corporate which acts as such a receiver is liable to a fine.
Section 30: Disqualification of body corporate from acting as receiver.
Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk
Part III: Receivership — Chapter I: Receivers and Managers (England and Wales)
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