436. Qualifications of receivers

a person who is under eighteen years of age ;

a creditor of the grantor ;

a person who is or who has within the period of two years immediately preceding the commencement of the receivership, been—

an officer or employee of the grantor; or

an officer or employee of the mortgagee of the property in receivership;

a person who has or who has had within the period of two years preceding the commencement of the receivership, an interest, whether direct or indirect, in a share issued by the grantor;

a person who is an undischarged insolvent;

a person who has been adjudged to be of unsound mind under the Mental Diseases Ordinance (Cap.

a person in respect of whom an order has been made under subsection (5) of section 468;

a person who was prohibited from being a director or promoter of or being concerned or taking part in the management of a company under section 186 of the Companies Act, No. 17 of 1982, or who would be so prohibited but for the repeal of that Act;

a person who is prohibited from being a director or promoter of or being concerned or taking part in the management of a company under section 213 or 214;

a person who is disqualified from acting as a receiver by the instrument that confers the power to appoint a receiver.