Paragraph 4

In the entries relating to modifications to sections 2 to 7 where a proposal under section 1 has been made by a limited liability partnership—

(a)

in the entry relating to section 2 (procedure where the nominee is not the liquidator or the administrator)^f1, omit the entry relating to subsection (1);

(b)

in the entry relating to section 4 (decisions of meetings), after the entry relating to subsection (4) insert—

“

subsection (4A)^f2 For “neither the company nor its creditors may” substitute “the creditors of the limited liability partnership may not”.

”.

Annotations

Footnotes

f1: Section 2 was amended by section 2 of, and paragraph 3 of Schedule 3 to, the 2020 Act.
f2: Subsection (4A) was inserted by section 2 of, and paragraph 4 of Schedule 3 to, the 2020 Act.