OpenLegislation

Paragraph 5 I1

Northern Ireland Not yet in force

(1)

Paragraph 99 (as amended by paragraph 4 above) is further amended as follows.

(2)

In sub-paragraph (2A)(b), for “resolution” substitute “decision”.

(3)

After sub-paragraph (3A) insert—

“(3B)

In a case where the administrator is removed from office, a decision of the creditors for the purposes of sub-paragraph (2A)(b), or of the preferential creditors for the purposes of sub-paragraph (2B), must be made by a qualifying decision procedure.”.

Annotations

Commencement

I1

Sch. 3 para. 5 not in operation at Royal Assent, see s. 120(02)