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Rule 4.161 Termination of membershipI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

A person's membership of the liquidation committee is automatically terminated if—

(a)

he becomes bankrupt F1..., or

(b)

at 3 consecutive meetings of the committee he is neither present nor represented (unless at the third of those meetings it is resolved that this Rule is not to apply in his case).

(2)

However, if the cause of termination is the member's bankruptcy, his trustee in bankruptcy replaces him as a member of the committee.

(3)

The membership of a creditor member is also automatically terminated if he ceases to be, or is found never to have been, a creditor.

Annotations

Textual amendments

F1

Words in rule 4.161(1)(a) omitted (1.4.2004) by virtue of The Insolvency (Amendment) Rules 2004 (S.I. 2004/584), rules 1(2), 21

Commencement

I1

Rule 4.161 in force at 29.12.1986, see rule 0.1