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Article 10.1 Scope and interpretation

(1)

This Part applies to the establishment and operation of—

(a)

a creditors' committee in a receivership;

(b)

a liquidation committee in a creditors' voluntary winding up; and

(c)

a liquidation committee in a winding up by the court.

(2)

In this Part—

  • “contributory member” means a member of a liquidation committee appointed by the contributories; and

  • “creditor member” means a member of a liquidation committee appointed by the creditors.