Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up
176. Act of liquidator valid, etc.
Feedback & supportThe acts of a liquidator are valid despite any defects that may afterwards be discovered in the liquidator’s appointment or qualification.
liquidator
“liquidator” includes the Official Receiver when acting as the liquidator of a corporation;
Any conveyance, assignment, transfer, mortgage, charge or other disposition of a company’s property made by a liquidator is, despite any defect or irregularity affecting the validity of the winding up or the appointment of the liquidator, valid in favour of any person taking such property bona fide and for value and without notice of such defect or irregularity.
charge
“charge” has the meaning given by section 4(1) of the Companies Act 1967;
Every person making or permitting any disposition of property to any liquidator is protected and indemnified in so doing, despite any defect or irregularity affecting the validity of the winding up or the appointment of the liquidator not then known to that person.
property
“property” includes —(a)money, goods, things in action, land and every description of property, wherever situated; and(b)obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to property;
For the purposes of this section, a disposition of property is to be taken as including a payment of money.