Article 117 Committee established by contributoriesI1

Apply rule 4.162 of the 1991 Rules.

For paragraph (1) substitute—

“(1)

This rule applies where the outcome of the creditors’ meeting summoned by the bank liquidator under rule 40 is (by virtue of rule 41(3)) that the liquidation committee ceased to exist at the end of the meeting.”.

In paragraph (2), for “that Article” substitute “Article 120 of the Order”.

In paragraph (4) for “at least 3 and not more than 5”, substitute “3 or 5”.