Article 3 Application of section 176A of the 1986 Act

Section 176A of the 1986 Act (share of assets for unsecured creditors) M1 applies in relation to a relevant society which is in administration, and for that purpose—

(a)

a reference to a company includes a reference to a relevant society;

(b)

a reference to a receiver is to be ignored; and

(c)

in subsection (4)(b) M2 the reference to Part 26 of the 2006 Act is a reference to that Part as applied in relation to a relevant society.

Annotations

Marginal citations

M1: Section 176A was inserted by the Enterprise Act 2002, section 252.
M2: Subsection (4)(b) was amended by S.I. 2008/948.

Notes on the whole SI

Textual amendments

F1: Title amended (1.8.2014) by virtue of The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 33