# The Investment Bank Special Administration (Scotland) Rules 2011, Rule 90: Vacancies


(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.

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Source: https://www.legislation.gov.uk/uksi/2011/2262/rule/90 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.