The Bank Insolvency Rules (Northern Ireland) 2009

PART 19 PROXIES AND COMPANY REPRESENTATION

Definition of “proxy”

232.—(1) Apply rule 8.1 of the 1991 Rules.

(2) In paragraph (2) delete “, company”.

(3) In paragraph (4), for “chairman of the meeting” to “official receiver” substitute: “chair of the meeting or the bank liquidator”.

Issue and use of forms

233.  Apply rule 8.2 of the 1991 Rules.

Use of proxies at meetings

234.  Apply rule 8.3 of the 1991 Rules. Delete paragraph (2).

Retention of proxies

235.  Apply rule 8.4 of the 1991 Rules.

Right of inspection

236.—(1) Apply rule 8.5 of the 1991 Rules.

(2) in paragraph (1)(b) for “company” substitute “bank”.

(3) For paragraph (2) substitute—

“(2) The reference in paragraph (1) to creditors is to those creditors who have proved their debts but does not include a person whose proof has been wholly rejected for purposes of voting, dividend or otherwise.”.

(4) In paragraph (3)(a) delete “, and” and insert a full stop.

(5) Delete paragraph (3)(b).

Proxy-holder with financial interest

237.  Apply rule 8.6 of the 1991 Rules.

Company representation

238.  Apply rule 8.7 of the 1991 Rules. In paragraph (1), the reference to Article 383 of the Companies Order should, after that section is repealed, be to section 323 of the 2006 Act.