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Rule 90 Vacancies

Original text. Later amendments are not shown.

(1)

The following applies if there is a vacancy in the membership of the creditors’ committee.

(2)

The vacancy need not be filled if the administrator and a majority of the remaining members of the committee so agree, provided that—

(a)

the total number of members does not fall below 3; and

(b)

the administrator thinks that the make-up of the committee will continue to reflect all parties with an interest in the achievement of the special administration objectives.

(3)

The administrator may appoint a person (being qualified under these Rules to be a member of the committee) from the same class of voters as the previous member to fill the vacancy, if—

(a)

a majority of the other members of the committee agree to the appointment; and

(b)

the person concerned consents to act.