Document ID: chunk:federal_register_of_legislation:C2025C00185:section:443b:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 443B (pt 2/2)
Character Range: 1569236–1569934

agreement or instrument under which a security interest in the property is created or arises:
 (i) the secured party appoints an agent to enter into possession, or to assume control, of the property; or
 (ii) the secured party takes possession, or assumes control, of the property;
but this subsection does not affect a liability of the company.
 (8) Subsection (2) does not apply in so far as a court, by order, excuses the administrator from liability, but an order does not affect a liability of the company.
 (9) The administrator is not taken because of subsection (2):
 (a) to have adopted the agreement; or
 (b) to be liable under the agreement otherwise than as mentioned in subsection (2).