Paragraph 112 I1

In paragraph 25 of that Schedule (effect of supervening incapacity on contentious business agreements)—

(a)

for sub-paragraph (1)(b) substitute—

“(b)
a relevant insolvency event occurs in relation to the body;”,

(b)

in sub-paragraphs (2) and (3)—

(i)

for “taxation” (in each place) substitute “ assessment ”, and

(ii)

for “taxing officer” (in each place) substitute “ costs officer ”,

(c)

in sub-paragraph (3) for “any officer” substitute “ any manager ”, and

(d)

after that sub-paragraph insert—

“(4)
For the purposes of this paragraph a relevant insolvency event occurs in relation to a recognised body if—
(a)
a resolution for a voluntary winding-up of the body is passed without a declaration of solvency under section 89 of the Insolvency Act 1986;
(b)
the body enters administration within the meaning of paragraph 1(2)(b) of Schedule B1 to that Act;
(c)
an administrative receiver within the meaning of section 251 of that Act is appointed;
(d)
a meeting of creditors is held in relation to the body under section 95 of that Act (creditors' meeting which has the effect of converting a members' voluntary winding up into a creditors' voluntary winding up);
(e)
an order for the winding up of the body is made.”

Annotations

Commencement

I1: Sch. 16 para. 112(a)(c)(d) in force at 30.6.2008 by S.I. 2008/1436, art. 2(d)(ii); Sch. 16 para. 112(b) in force at 1.1.2010 by S.I. 2009/3250, art. 2(f)(ii) (with art. 9)