Article 262 Quorum at meeting of creditors or contributoriesI1

Apply rule 12.05 of the 1991 Rules.

In paragraph (1), for “insolvency proceedings” read “a bank insolvency”.

For paragraph (3) substitute—

“(3)

For the purposes of this rule, the reference to the creditors or contributories necessary to constitute a quorum is to those persons present or represented by proxy by any person (including the chair) under Article 383 of the Order or, after that Article is repealed, by section 323 of the 2006 Act.”.