231 Recourse to cellular assets by creditors

Without prejudice to the provisions of sections 230 and 233, and subject to the
terms of any recourse agreement, cellular assets attributable to a cell of a
protected cell company —

(a) are only available to the creditors of the company who are creditors in
respect of that cell and who are thereby entitled, in conformity with the
provisions of this Part, to have recourse to the cellular assets attributable
to that cell;

(b) are absolutely protected from the creditors of the company who are not
creditors in respect of that cell and who accordingly are not entitled to
have recourse to the cellular assets attributable to that cell.