45 Effect of agreed proposals

45  Effect of agreed proposals

(1)     The following provisions apply if proposals made by [the Welsh Ministers] under section 44 are agreed, with or without modifications, by all the secured creditors of the registered social landlord.

(2)     Once agreed the proposals are binding on [the Welsh Ministers], the landlord, all the landlord's creditors (whether secured or unsecured) and any liquidator, administrator, administrative receiver or receiver appointed in respect

Powered by Lexis+®

Popular documents