# The Building Society Insolvency (England and Wales) Rules 2010, Rule 116: Membership of committee

Extent: E+W

(1) Apply rule 4.152 of the 1986 Rules.
(2) For paragraph (1) substitute—
“(1) Subject to rule 42(2) and (5) of the 2010 Rules, rule 4.154 as applied by rule 118 of the 2010 Rules and rule 4.171 as applied by rule 134 of the 2010 Rules, the liquidation committee shall consist of either three or five creditors of the company, elected by the meeting of creditors held under rule 42 of those Rules.”.
(3) Ignore paragraphs (2), (4) and (7).

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Source: https://www.legislation.gov.uk/uksi/2010/2581/rule/116 (the official version)
Page: https://openlegislation.uk/building-society-insolvency-england-and-wales-rules-2010/rule-116
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.