SCHEDULES

SCHEDULE 15U.K. Application of Companies Winding Up Legislation to Building Societies

Modifications etc. (not altering text)

[F1Part IIIU.K. Modified application of Insolvency (Northern Ireland) Order 1989

Textual Amendments

F1Sch. 15 paras. 34-55E substituted (N.I.) (1.10.1991) for Sch. 15 paras. 34-55 by S.I. 1989/2405 (N.I. 19), arts. 2(1), 381, Sch. 9 Pt. II para. 45(c); S.R. 1991/411, art. 2

Parts V [F2, 11 and 12] U.K.

Textual Amendments

PreliminaryU.K.

[F334A.U.K.In the following provisions a reference to the creditors, general creditors or unsecured creditors of a company includes a reference to every shareholding member of the building society to whom a sum due from the society in relation to the member’s shareholding is due in respect of a deposit—

(a)paragraph (1) of Article 121 (general functions of liquidator in winding up by the High Court);

(b)paragraph (3) of Article 127 (debts due from contributory to company);

(c)paragraph (4) of Article 143 (supplementary powers);

(d)paragraph (2)(b) of Article 149 (preferential debts (general provision));

(e)paragraph (1) of Article 150ZA (payment of expenses of winding up); F4...

(f)paragraphs (3)(b) and (5)(a) of Article 150A (share of assets for unsecured creditors);

[F5(g)paragraph (1)(e) of Article 350O (direct sanctions orders);

(h)paragraph (5) of Article 350Q (direct sanctions order: conditions); and

(i)paragraph (3)(e) of Article 350R (direct sanctions direction instead of order).]]]

Textual Amendments