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Paragraph 20 Other processes

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Ignore section 119 of the 2009 Act (exclusion of other procedures); this paragraph, and section 88(1)(b) of the 1986 Actf1, make equivalent provision.

(2)

A petition for the winding-up of a building society shall be dismissed on the making of a building society insolvency order in respect of the building society.

(3)

Where a building society is in building society insolvency, no order may be made for the winding-up of the building society.

Annotations

Footnotes

f1

Section 88 of the 1986 Act is amended by article 4 of this Order.