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Paragraph 57 The 1995 Order

Original text. Later amendments are not shown.

In Article 77 (excess assets remaining after winding up: power to distribute)—

(a)

omit paragraphs (2) and (3),

(b)

in paragraph (4)—

(i)

for the words from the beginning to “duty under paragraph (2)” substitute “Where this Article applies—”, and

(ii)

in sub-paragraph (a) for “those assets” substitute “the undistributed assets”,

(c)

in paragraph (5), for “Articles 3 and 10 apply” substitute “Article 10 applies”.