National Asset Management Agency Act 2009
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Appointment of liquidator or examiner to companies whose assets are under control of statutory receiver. |
150.— (1) Notwithstanding any provision of the Companies (Amendment) Act 1990 , the appointment of an examiner to a company whose assets or any part of them are under the control of a statutory receiver does not— | |
(a) displace the statutory receiver or affect his or her powers, authority or agency, | ||
(b) prevent the statutory receiver from enforcing any security held by NAMA or a NAMA group entity, or | ||
(c) cause the de-crystallisation of any charge created as a floating charge over assets that are under the control of the statutory receiver. | ||
(2) The appointment of a liquidator to a company whose assets or any part of them are under the control of a statutory receiver does not displace the statutory receiver and does not affect his or her powers, authority and agency. |