Paragraph 34A F1F2
United Kingdom
In the following provisions a reference to the creditors, general creditors or unsecured creditors of a company includes a reference to every shareholding member of the building society to whom a sum due from the society in relation to the member’s shareholding is due in respect of a deposit—
paragraph (1) of Article 121 (general functions of liquidator in winding up by the High Court);
paragraph (3) of Article 127 (debts due from contributory to company);
paragraph (4) of Article 143 (supplementary powers);
paragraph (2)(b) of Article 149 (preferential debts (general provision));
paragraph (1) of Article 150ZA (payment of expenses of winding up); F3...
paragraphs (3)(b) and (5)(a) of Article 150A (share of assets for unsecured creditors);
paragraph (1)(e) of Article 350O (direct sanctions orders);
paragraph (5) of Article 350Q (direct sanctions order: conditions); and
paragraph (3)(e) of Article 350R (direct sanctions direction instead of order).
Annotations
Textual amendments
- F1
Sch. 15 paras. 34-55E substituted (N.I.) (1.10.1991) for Sch. 15 paras. 34-55 by S.I. 1989/2405 (N.I. 19), arts. 2(1), 381, Sch. 9 Pt. II para. 45(c); S.R. 1991/411, art. 2
- F2
Sch. 15 para. 34A inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 34(2) (with art. 3)
- F3
Word in Sch. 15 para. 34A omitted (7.4.2017) by virtue of The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 2(3)(f)
- F4
Sch. 15 para. 34A(g)-(i) inserted (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 2(3)(f)
Notes on Schedule 15
Modifications
- C1
Sch. 15 applied (with modifications) (7.4.2010) by The Building Societies (Financial Assistance) Order 2010 (S.I. 2010/1188), arts. 1(2), 9
Notes on Chapter Parts V , 11 and 12
Textual amendments
- F2
Words in Sch. 15 Pt. III heading substituted (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 2(3)(e)