# The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Article 25: Amendments of Schedule 2 to the Insolvent Partnerships Order (Northern Ireland) 1995


(1) Paragraph 35 of Schedule 2 to the Insolvent Partnerships Order (Northern Ireland) 1995 (provisions of the Order which apply with modifications for the purposes of Article 6 to administration in relation to insolvent partnerships), is amended as follows.
(2) In modified paragraph 74(1)—
(a) omit the “or” at the end of sub-paragraph (b);
(b) after sub-paragraph (b) insert—
“(bb) would result in an ordinary preferential debt of the partnership being paid otherwise than in priority to its secondary preferential debts,”;
(c) in sub-paragraph (c), for “his debt” substitute “an ordinary preferential debt”;
(d) at the end of sub-paragraph (c), insert—
“or
(d) would result in one preferential creditor being paid a smaller proportion of a secondary preferential debt than another.”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123676/article/25 (the official version)
Page: https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014/article-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.