SCHEDULES

SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors

PART 1Company insolvency

Receivers and managers

I1I2I312

1

Section 48 (report by administrative receiver - England and Wales) is amended as follows.

2

In subsection (1), after “such creditors” insert “ , other than opted-out creditors, ”.

3

In subsection (2)—

a

in paragraph (a), after “company” insert “ , other than opted-out creditors, ”;

b

omit the words after paragraph (b).

4

Omit subsection (3).