[COM 456] Duty of care in exercising power of sale456 

456

(1) In exercising a power of sale in respect of property of a company, a receiver or manager must take all reasonable care to sell the property for—

• (a)if, when it is sold, it has a market value, not less than that market value; or
• (b)otherwise, the best price that is reasonably obtainable, having regard to the circumstances existing when the property is sold.

(2) Nothing in subsection (1) limits the generality of anything in Division 3 of Part 10.