# Small Business, Enterprise and Employment Act 2015, Paragraph 37


(1) Section 142 (liquidation committee (Scotland)) is amended as follows.
(2) For subsections (1) to (4) substitute—
“(1) This section applies where a winding up order has been made by the court in Scotland.
(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.
(4) A liquidator appointed by the court other than under section 139(4)(a) 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.”
(3) In subsection (6), for the words from “In” to “has” substitute “ A “liquidation committee” is a committee having the powers and duties conferred and imposed on it by this Act, and ”.

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Source: https://www.legislation.gov.uk/ukpga/2015/26/schedule/9/paragraph/37 (the official version)
Page: https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/schedule-9/paragraph-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.