SCHEDULES
SCHEDULE 15 Application of Companies Winding Up Legislation to Building Societies
Part II Modified Application of Insolvency Act 1986
Parts IV and XII
Winding up: general
27
Section 187 (power to make over assets to employees) of the Act does not apply.
28
1
In section 201 (dissolution: voluntary winding up) of the Act, subsection (2) applies without the words from “and on the expiration” to the end of the subsection and, in subsection (3), the word “However” shall be omitted.
2
Sections 202 to 204 (early dissolution) of the Act do not apply.
29
In section 205 (dissolution: winding up by the court) of the Act, subsection (2) applies with the omission of the words from “and, subject" to the end of the subsection; and in subsections (3) and (4) references to the Secretary of State shall have effect as references to the Commission.