Rule 118 Committee established by contributories

Apply rule 4.162 of the 1991 Rules.

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 2014 Rules is (by virtue of rule 42(3)) that the liquidation committee ceases to exist at the end of the meeting.”.

In paragraph (2), for “that Article” substitute “Article 120 of the Order”.

In paragraph (4) for “at least three and not more than five”, substitute “three or five”.