# The Building Society Insolvency (England and Wales) Rules 2010, Rule 118: Committee established by contributories

Extent: E+W

(1) Apply rule 4.154 of the 1986 Rules.
(2) For paragraph (1) substitute—
“(1) This rule applies where the outcome of the creditors’ meeting summoned by the building society liquidator under rule 42 of the 2010 Rules is, (by virtue of rule 42(2)), that the liquidation committee ceases to exist at the end of the meeting.”.
(3) In paragraph (2), for “that section” substitute “section 141 of the Act”.
(4) In paragraph (4) for “at least 3 and not more than 5”, substitute “three or five”.

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Source: https://www.legislation.gov.uk/uksi/2010/2581/rule/118 (the official version)
Page: https://openlegislation.uk/building-society-insolvency-england-and-wales-rules-2010/rule-118
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.