Where the appointment of a person as the receiver or manager of a company's property under powers contained in an instrument is discovered to be invalid (whether by virtue of the invalidity of the instrument or otherwise), the court may order the person by whom or on whose behalf the appointment was made to indemnify the person appointed against any liability which arises solely by reason of the invalidity of the appointment.
Section 34: Liability for invalid appointment.
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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