Paragraph 47 I1

Modified Article 118 (set out in paragraph 14) is amended as follows.

For paragraphs (2) to (4) substitute—

“(2)

Subject to paragraph (4), the rules relating to decision making on the winding up of a company are to apply (with the necessary modifications) to—

(a)

decisions sought from creditors of the partnership,

(b)

decisions sought from creditors of any corporate members against which an insolvency order has been made, and

(c)

decisions sought from creditors of any insolvent member where the decision is one to be made with creditors of the partnership.

(3)

Subject to paragraph (4), the rules relating to decision making on the bankruptcy of an individual are to apply (with the necessary modifications) to decisions sought from creditors of any individual member against whom an insolvency order has been made (unless paragraph (2)(c) applies).

(4)

Any decision to be made by the creditors of the partnership and of the insolvent member or members must be taken as if they were a single set of creditors.”.

In the heading to that Article, for “meetings of creditors” substitute “decision-making”.