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Rule 239 Preliminary

Original text. Later amendments are not shown.

(1)

The rules in this Part relate to the declaration and payment of dividends in a building society insolvency.

(2)

In this Part—

  • “creditors” means those creditors of the society of whom the building society liquidator is aware, or who are identified in the society’s statement of affairs, and

  • “the insolvent” means the building society.