# The Building Society Insolvency (Scotland) Rules 2010, Rule 77: Composition of committee when creditors paid in full

Extent: S

(1) Apply rule 4.59 of the 1986 Rules.
(2) In paragraph (5)—
(a) at the beginning, insert “Subject to paragraph (5A) below”;
(b) after “under paragraph (1)” insert “or since the FSCS has ceased to be on the committee”;
(c) at the end, insert “subject to paragraph (5A) below”.
(3) After paragraph (5), insert—
(4) “(5A) The liquidation committee continues to exist and can act so long as it consists of at least the FSCS.”.

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Source: https://www.legislation.gov.uk/uksi/2010/2584/rule/77 (the official version)
Page: https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-77
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.