1 Those who may propose an arrangement
Insolvency Act 1986 (1986 c 45) | Legislation

Part I Company Voluntary Arrangements

The proposal

1  Those who may propose an arrangement

(1)     The directors of a company [(other than one which is in administration or being wound up)] may make a proposal under this Part to the company and to its creditors for a composition in satisfaction of its debts or a scheme of arrangement of its affairs (from here on referred to, in either case,

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