# The Bank Insolvency (Scotland) Rules 2009, Article 101: Requisitioned meetings reforming the liquidation committee


(1) Rule 7.6 of the 1986 Act also applies where–
(a) the liquidation committee has ceased to exist at the end of the first meeting of creditors under rule 24 and no further steps have been taken to re-establish that committee; and
(b) the bank liquidator has been requested by no less than one-tenth in value of the bank’s creditors to summon a meeting for the purpose of re-establishing the liquidation committee.
(2) Where a meeting is requisitioned to reform the liquidation committee, the time periods set out in rule 7.6 of the 1986 Rules may be expedited by the bank liquidator on request of the bank’s creditors.
(3) The bank liquidator shall give notice of the meeting to the FSA and the Bank of England.
(4) Rule 24(1), (2) and (3) shall then apply at this meeting as it were the first meeting of the creditors.

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Source: https://www.legislation.gov.uk/uksi/2009/351/article/101 (the official version)
Page: https://openlegislation.uk/bank-insolvency-scotland-rules-2009/article-101
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.