# The Bank Insolvency (England and Wales) Rules 2009, Rule 115: Membership of committee

Extent: E+W

(1) Apply rule 4.152 of the 1986 Rules.
(2) For paragraph (1) substitute—
“(1) Subject to rule 41(1) of the 2009 Rules and rule 4.154 as applied by rule 117 of the 2009 Rules, the liquidation committee shall consist of either 3 or 5 creditors of the bank, elected by the meeting of creditors held under rule 41 of the 2009 Rules.”
(3) Ignore paragraphs (2), (4) and (7) and ignore any reference to contributory members in paragraph (6).

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Source: https://www.legislation.gov.uk/uksi/2009/356/rule/115 (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/rule-115
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.