Paragraph 25 I1I2I3
Section 101 (appointment of liquidation committee) is amended as follows.
For subsection (1) substitute—
“(1)The creditors may in accordance with the rules appoint a committee (“the liquidation committee”) of not more than 5 persons to exercise the functions conferred on it by or under this Act.”
In subsection (3)—
for “resolve” (in both places) substitute “ decide ”;
for “the persons mentioned in the resolution” (in both places) substitute “ those persons ”.
Annotations
Commencement
- I1
Sch. 9 para. 25 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)
- I2
Sch. 9 para. 25 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)
- I3
Sch. 9 para. 25 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)