Section 56Part 2 — The Financial Reporting Authority
Protection
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Where a receiver appointed under section 52 —
takes action in relation to property which is not realisa ble property;
would be entitled to take the action if it were realisable property; and
believes on reasonable grounds that that receiver is entitled to take the action, that receiver is not liable to any person in respect of any loss or damage resulting from the action, except so far as the loss or damage is caused by that receiver ’s negligence.