OpenLegislation

Rule 59 Membership of committeeI1

Scotland

(1)

Apply rule 4.41 of the 1986 Rulesf1.

(2)

For rule 4.41(1) substitute—

“(1)

Subject to rule 25 of the 2010 Rules, and to rules 4.43 and 4.59 of the 1986 Rules as applied by rules 61 and 77 respectively of the 2010 Rules, the liquidation committee shall consist of either three or five creditors of the building society, elected by the meeting of creditors held under rule 24 of the 2010 Rules.”.

(3)

Ignore paragraphs (3) and (6).

Annotations

Commencement

I1

Rule 59 in force at 15.11.2010, see rule 1

Footnotes

f1

Rule 4.41 was amended by paragraph 23 of Schedule 1(I) to S.I. 1987/1921.