Section 240 — Companies Act 1993: Interpretation

240 Interpretation (1) In this Act, unless the context otherwise requires,— Creditor means a person who, in a liquidation, would be entitled to claim in accordance with section 303 of this Act that a debt is owing to that person by the company; and includes a secured creditor only— (a) For the purposes of sections 241(2)(c) , 247 , 250 , and 289 of this Act; or (b) To the extent of the amount of any debt owing to the secured creditor in respect of which the secured creditor claims under section 305 of this Act as an unsecured creditor: Creditor: this definition was substituted, as from 1 July 1994, by section 30 Companies Act 1993 Amendment Act 1994 (1994 No 6). Liquidation committee means a liquidation committee appointed under section 314 of this Act Official Assignee means an Official Assignee or Deputy Assignee appointed under the Insolvency Act 2006 Statutory demand has the meaning set out in section 289 of this Act. (2) For the purposes of this Act, the power to appoint a liquidator of a company includes the power to appoint 2 or more persons as liquidators of a company. Section 240(1) Official Assignee : amended, on 3 December 2007, by section 445 of the Insolvency Act 2006 (2006 No 55).