# The Insolvency Rules 1986, Rule 4.175: Membership of committee

Extent: E+W

(1) Subject as follows, the liquidation committee shall consist of at least 3, and not more than 5, creditors of the company, elected by the creditors' meeting held under paragraph 57 of Schedule B1 to the Act or (in order to make up numbers or fill vacancies) by a creditors' meeting summoned by the liquidator after the company goes into liquidation.
(2) In the case of a solvent winding up, the liquidator shall, on not less than 21 days' notice, summon a meeting of contributories, in order to elect (if it so wishes) contributory members of the liquidation committee, up to 3 in number.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/4.175 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-4.175
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.