LPA receiver


LPA receiver
England, Wales
A person (not necessarily an insolvency practitioner) appointed under the Law of Property Act 1925 by a lender holding a fixed charge over property to enforce the lender's security. An LPA receiver has the powers and duties specified in and limited by the Law of Property Act 1925 but these can be modified by express provisions in the security document. An LPA receiver is usually appointed with a view to selling the charged property or collecting the rental income from it for the lender.
A receiver appointed under an express power in a security document creating fixed charges over assets is often also referred to as an LPA receiver (to distinguish it from an administrative receiver appointed by a floating charge holder) although technically this is incorrect. Most modern security documents contain an express power to appoint a receiver and it is now rare for a lender to rely on the power implied by the Law of Property Act 1925.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Law of Property Act receiver — (LPA receiver) England, Wales A person (not necessarily an insolvency practitioner) appointed under the Law of Property Act 1925 by a lender holding a fixed charge over property to enforce the lender s security. An LPA receiver has the powers and …   Law dictionary

  • History of the Internet — Main article: Internet The history of the Internet starts in the 1950s and 1960s with the development of computers. This began with point to point communication between mainframe computers and terminals, expanded to point to point connections… …   Wikipedia

  • Liste De Sigles — {{{image}}} Sigles d une seule lettre Sigles de deux lettres Sigles de trois lettres AAA à DZZ EAA à HZZ IAA à LZZ MAA à PZZ QAA à TZZ UAA à XZZ YAA à ZZZ …   Wikipédia en Français

  • Liste de sigles — Sigles d’une seule lettre Sigles de deux lettres Sigles de trois lettres Sigles de quatre lettres Sigles de cinq lettres Sigles de six lettres Sigles de sept lettres Sigles de huit lettres Voici une liste des sigles ou acronymes courants. La… …   Wikipédia en Français

  • Liste des sigles — Liste de sigles {{{image}}} Sigles d une seule lettre Sigles de deux lettres Sigles de trois lettres AAA à DZZ EAA à HZZ IAA à LZZ MAA à PZZ QAA à TZZ UAA à XZZ YAA à ZZZ …   Wikipédia en Français

  • Sigle de 7 caractères — Liste de sigles {{{image}}} Sigles d une seule lettre Sigles de deux lettres Sigles de trois lettres AAA à DZZ EAA à HZZ IAA à LZZ MAA à PZZ QAA à TZZ UAA à XZZ YAA à ZZZ …   Wikipédia en Français