# Insolvency Act 1986, Section 301: Creditors’ committee.

Extent: E+W

(1) Subject as follows, a bankrupt's creditors may, in accordance with the rules, establish a committee (known as “the creditors’ committee”) to exercise the functions conferred on it by or under this Act.
(2) The bankrupt’s creditors shall not establish such a committee, or confer any functions on such a committee, at any time when the official receiver is the trustee of the bankrupt’s estate, except in connection with the appointment of a person to be trustee instead of the official receiver.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/301 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-301
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.