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					<dc:identifier>http://www.legislation.gov.uk/uksi/2014/229/article/3</dc:identifier><dc:title>The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014</dc:title><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:subject scheme="SIheading">INDUSTRIAL AND PROVIDENT SOCIETIES</dc:subject><dc:subject scheme="SIheading">CREDIT UNIONS</dc:subject><dc:modified>2024-05-16</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2021-09-30</dct:valid>
					<dc:description>This Order applies Part 1 (company voluntary arrangements) and Part 2 (administration) of the Insolvency Act 1986 (c. 45) (“the 1986 Act”) and Part 26 (arrangements and reconstructions) of the Companies Act 2006 (c. 46) (“the 2006 Act”) to relevant societies. A relevant society is a society registered under the Industrial and Provident Societies Act 1965 (c. 12) (“the 1965 Act”) other than a society which is a private registered provider of social housing or is registered as a social landlord. A society registered under the 1965 Act is a co-operative society, a community benefit society or a credit union.</dc:description>
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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/uksi/2014/229/notes"/><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2014/229/pdfs/uksiem_20140229_en.pdf" Date="2014-02-07" Title="UK Explanatory Memorandum" Size="50348"/></ukm:Alternatives>       
								</ukm:Notes> 
					<ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2014/229/pdfs/uksi_20140229_en.pdf" Date="2014-02-07" Size="196797"/></ukm:Alternatives>
					
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				</ukm:Metadata><Secondary><Body DocumentURI="http://www.legislation.gov.uk/uksi/2014/229/body" IdURI="http://www.legislation.gov.uk/id/uksi/2014/229/body" NumberOfProvisions="20" RestrictExtent="E+W+S+N.I." RestrictStartDate="2021-09-30"><P1group RestrictStartDate="2014-04-06"><Title>Application of section 176A of the 1986 Act</Title><P1 DocumentURI="http://www.legislation.gov.uk/uksi/2014/229/article/3" IdURI="http://www.legislation.gov.uk/id/uksi/2014/229/article/3" id="article-3"><Pnumber>3</Pnumber><P1para><Text>Section 176A of the 1986 Act (share of assets for unsecured creditors) <CommentaryRef Ref="c22008901"/> applies in relation to a relevant society which is in administration, and for that purpose—</Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/229/article/3/a" IdURI="http://www.legislation.gov.uk/id/uksi/2014/229/article/3/a" id="article-3-a"><Pnumber>a</Pnumber><P3para><Text>a reference to a company includes a reference to a relevant society;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/229/article/3/b" IdURI="http://www.legislation.gov.uk/id/uksi/2014/229/article/3/b" id="article-3-b"><Pnumber>b</Pnumber><P3para><Text>a reference to a receiver is to be ignored; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/229/article/3/c" IdURI="http://www.legislation.gov.uk/id/uksi/2014/229/article/3/c" id="article-3-c"><Pnumber>c</Pnumber><P3para><Text>in subsection (4)(b) <CommentaryRef Ref="c22008911"/> the reference to Part 26 of the 2006 Act is a reference to that Part as applied in relation to a relevant society.</Text></P3para></P3></P1para></P1></P1group></Body></Secondary><Commentaries><Commentary id="c22008901" Type="M"><Para><Text>Section 176A was inserted by the Enterprise Act 2002, section 252.</Text></Para></Commentary><Commentary id="c22008911" Type="M"><Para><Text>Subsection (4)(b) was amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c00021" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948">S.I. 2008/948</Citation>.</Text></Para></Commentary></Commentaries></Legislation>