National Asset Management Agency Act 2009

150.

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.