341 “Relevant time” under ss 339, 340
Insolvency Act 1986 (1986 c 45) | Legislation

341  “Relevant time” under ss 339, 340

(1)     Subject as follows, the time at which an individual enters into a transaction at an undervalue or gives a preference is a relevant time if the transaction is entered into or the preference given—

(a)     in the case of a transaction at an undervalue, at a time in the period of 5 years ending with the day of the [making of the bankruptcy application as a result of which, or (as the case may be) the presentation of the bankruptcy petition on which, the individual is made] bankrupt,

(b)     in the case of a preference which is not a transaction at an undervalue and is given to a person

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