Section 525 - Replacement Of Administrator

(1) An administrator may resign only in prescribed circumstances.

(2) An administrator may resign only where he is appointed-

(a) by administration order, by notice in writing to the Court;

(b) under section 452 of this Act, by notice in writing to the holder of the floating charge by virtue of which the appointment was made;

(c) under section 459 (1) of this Act, by notice in writing to the company; or

(d) under section 459 (2) of this Act, by notice in writing to the directors of the company.