# The Insolvency (Northern Ireland) Order 2005, Paragraph 24


After Article 70(1) (voluntary winding up) insert—
“(1A) Before a company passes a resolution for voluntary winding up it must give written notice of the resolution to the holder of any qualifying floating charge to which Article 59A applies.
(1B) Where notice is given under subsection (1A) a resolution for voluntary winding up may be passed only—
(a) after the end of the period of 5 business days beginning with the day on which the notice was given, or
(b) if the person to whom the notice was given has consented in writing to the passing of the resolution.”.

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Source: https://www.legislation.gov.uk/ukdsi/2005/0110490886/schedule/2/paragraph/24 (the official version)
Page: https://openlegislation.uk/draft-insolvency-northern-ireland-order-2005/schedule-2/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.