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Rule 6.150 Membership of creditors' committeeI1

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)

The creditors' committee shall consist of at least 3, and not more than 5, members.

(2)

All the members of the committee must be creditors of the bankrupt; and any creditor (other than one who is fully secured) may be a member, so long as—

(a)

he has lodged a proof of his debt, and

(b)

his proof has neither been wholly disallowed for voting purposes, nor wholly rejected for the purposes of distribution or dividend.

(3)

A body corporate may be a member of the committee, but it cannot act as such otherwise than by a representative appointed under Rule 6.156.

Annotations

Commencement

I1

Rule 6.150 in force at 29.12.1986, see rule 0.1