[F16A.U.K.In the following provisions of the Act 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)subsection (1) of section 143 (general functions of liquidator in winding up by the court);
(b)subsection (3) of section 149 (debts due from contributory to company);
(c)subsection (4) of section 168 (supplementary powers (England and Wales));
(d)subsection (2)(b) of section 175 (preferential debts (general provision));
(e)subsection (1) of section 176ZA (payment of expenses of winding up (England and Wales)); F2...
(f)subsections (3)(b) and (5)(a) of section 176A (share of assets for unsecured creditors);
[F3(g)subsection (1)(e) of section 391O (direct sanctions orders);
(h)subsection (5) of section 391Q (direct sanctions order: conditions); and
(i)subsection (3)(e) of section 391R (direct sanctions direction instead of order).]]
Textual Amendments
F1Sch. 15 para. 6A inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 33(2) (with art. 3)
F2Word in Sch. 15 para. 6A omitted (7.4.2017) by virtue of The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 2(3)(c)