{
  "url": "https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-24",
  "json_url": "https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-24.json",
  "legislation": "uksi/2010/2584",
  "legislation_title": "The Building Society Insolvency (Scotland) Rules 2010",
  "legislation_url": "https://openlegislation.uk/building-society-insolvency-scotland-rules-2010",
  "path": "rule/24",
  "kind": "rule",
  "number": "24",
  "heading": "First meetings in the building society liquidation",
  "text": "(1) Once the liquidation committee passes a full payment resolution the building society liquidator shall—\n(a) immediately summon a meeting of the building society’s creditors and contributories; and\n(b) fix a venue, date and time for the meeting,\nand the date must be within three months of the date on which the full payment resolution was passed.\n(2) When the venue, date and time of the meeting have been fixed, the building society liquidator shall give notice of the meeting to—\n(a) every creditor who is known to the building society liquidator or is identified in the building society’s statement of affairs,\n(b) every person appearing (by the building society’s books or otherwise) to be a contributory of the building society; and\n(c) each member of the liquidation committee,\nand shall advertise the venue, date and time of the meeting in such manner as the building society liquidator thinks fit.\n(3) In giving the notice mentioned in paragraph (2), the building society liquidator shall, if practicable, indicate whether the present intention of the FSCS is to resign from the liquidation committee at the meeting.\n(4) Notice to the members of the liquidation committee shall be given immediately.\n(5) Notice to creditors and contributories shall be given, and the advertisements placed to appear, at least 21 days before the date fixed for the meeting.\n(6) The notice to creditors shall specify a time and date, not more than four days before the date fixed for the meeting, by which they must lodge claims and (if applicable) proxies, in order to be entitled to vote at the meeting.\n(7) The FSCS is entitled to be represented at the meeting and Schedule 3 to the 1986 Rules has effect with respect to its voting rights at such a meeting.\n(8) Meetings summoned under this rule are known respectively as “the first meeting of creditors” and “the first meeting of contributories”, and jointly as “the first meetings in the building society liquidation”.",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 24 in force at 15.11.2010, see rule 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2010/2584/rule/24",
    "retrieved_at": "2026-10-29T02:27:25.845964+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}