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(1) In sections 24 and 25, an order means an order made by the Secretary of State.
(2) The modifications of the Insolvency Act 1986 that may be made by an order under section 24(2) include (for example)—
(a) provision for securing that the goods and services which the trust is required by the authorisation to provide continue to be provided (whether by the trust or another),
(b) provision for securing the protection of property needed for the purposes of those goods and services.
(3) The power conferred by section 25(3) is to be exercised with a view to securing the provision of the goods and services which the authorisation requires the trust to provide.
(4) That power is also to be exercised (together, if required, with the power conferred by section 11(2)) with a view to securing that any transfer of property in pursuance of the power does not result in a net loss of value to the trust; and the question whether a transfer would result in a net loss of value is to be determined in accordance with regulations.
(5) The Insolvency Act 1986 (c 45) may not be modified under section 25(6) so as to alter the priority of debts or the ranking of debts between themselves.
Royal Assent (in so far as this section confers the power to make an order or regulations): 20 November 2003: see s 199(4).
To be appointed (for remaining purposes, on such day as the appropriate authority may by order appoint): see s 199(1)–(3).
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