Commonwealth Numbered Acts

LIFE INSURANCE ACT 1995 No. 4 of 1995 - SECT 177

177. (1) If the Court orders the transfer of the business, or part of the
business, of a company to another company, the judicial manager must prepare a
scheme for the transfer in accordance with Part 9.

(2) Until the Court confirms the scheme under that Part, the management of the
company, or of that part of the business of the company, as the case may be,
continues to be vested in the judicial manager.