# Small Business, Enterprise and Employment Act 2015, Paragraph 36


In section 141 (liquidation committee: England and Wales) for subsections (1) to (3) substitute—
“(1) This section applies where a winding up order has been made by the court in England and Wales.
(2) If both the company's creditors and the company's contributories decide that a liquidation committee should be established, a liquidation committee is to be established in accordance with the rules.
(3) If only the company's creditors, or only the company's contributories, decide that a liquidation committee should be established, a liquidation committee is to be established in accordance with the rules unless the court orders otherwise.
(3A) A “liquidation committee” is a committee having such functions as are conferred on it by or under this Act.
(3B) The liquidator must seek a decision from the company's creditors and contributories as to whether a liquidation committee should be established if requested, in accordance with the rules, to do so by one-tenth in value of the company's creditors.
(3C) Subsection (3B) does not apply where the liquidator is the official receiver.”

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Source: https://www.legislation.gov.uk/ukpga/2015/26/schedule/9/paragraph/36 (the official version)
Page: https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/schedule-9/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.