Companies Act 2014

Definitions (Chapter 7) and savings

558ZF

558ZF. (1) In this Chapter—

"creditor" shall be read in accordance with section 558ZG;

"debt" shall be read in accordance with section 558ZG;

"liability" shall be read in accordance with section 558ZG;

"third person" shall be read in accordance with section 558ZG.

(2) Nothing in this Chapter shall affect the operation of—

(a) section 558N(4)(f), or

(b) any rule of law whereby any act done by the creditor results in the third person being discharged or released from his or her obligation in respect of the liability.]

Annotations:

Amendments:

F333

Inserted (7.12.2021) by Companies (Rescue Process for Small and Micro Companies) Act 2021 (30/2021), s. 3, S.I. No. 673 of 2021.