Article 4 Other insolvency processes

In section 88 of the 1986 Act (voluntary winding-up), in subsection (1) at the end insert—

“, but a resolution may not be passed if—

(a)

the conditions in section 90D are not satisfied, or

(b)

the society is in building society insolvency or building society special administration.

(1A)

A resolution under subsection (1) shall have no effect without the prior approval of the court.”.