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Receivers.
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7.—(1) Notwithstanding anything contained in any other enactment, a receiver of the property of an undertaker shall have such powers in relation to that property as, had he been appointed as a receiver of the property of a company, he would have as regards the property of the company, whether by reason of the relevant debenture or other instrument or otherwise.
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(2) The reference in subsection (1) of this section to a receiver of the property of an undertaker includes a reference to a receiver and manager of the property of an undertaker and a manager of the property of an undertaker and it also includes a reference to a receiver, a receiver and manager and a manager of part only of that property, and also a receiver only of the income arising from that property or from part thereof.
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(3) The Minister may by order apply all or any of the provisions of Part VII and section 98 of the Companies Act, with such modifications as shall be specified in the order, to or in respect of receivers of the property of an undertaker or as respects assets coming to the hands of such a receiver.
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