# The Building Society Insolvency Rules (Northern Ireland) 2014, Rule 46: Requisitioned meetings: reforming the liquidation committee


(1) Rule 4.064 of the 1991 Rules also applies where—
(a) the liquidation committee has ceased to exist at the end of the first meeting of creditors under rule 42 and no further steps have been taken to re-establish that committee; and
(b) the building society liquidator has been requested, by no less than one-tenth in value of the society’s creditors, to summon a meeting for the purpose of re-establishing the liquidation committee.
(2) Where a meeting is requisitioned to re-establish the liquidation committee, the time periods set out in rule 4.064 may be expedited by the building society liquidator at the request of the society’s creditors.
(3) The building society liquidator shall give notice of the meeting to the appropriate regulator and Bank of England.
(4) Rule 42(1) and (2) shall apply at this meeting as if it were the first meeting of creditors.

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Source: https://www.legislation.gov.uk/nisr/2014/41/rule/46 (the official version)
Page: https://openlegislation.uk/building-society-insolvency-rules-northern-ireland-2014/rule-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.