Meaning of “statutory insolvency arrangement”
This section has no associated Explanatory Memorandum
37. In section 259(1)(1) for paragraph (b) substitute—
“(b)a compromise or arrangement that has taken effect under Part 26 of the Companies Act 2006”.
(1)
Section 259 was substituted by paragraph 3 of Schedule 6 to the Finance (No. 2) Act 2005 (c. 22).