SCHEDULES
SCHEDULE 10 Application of Companies Winding Up Legislation to Incorporated Friendly Societies
Part III Modified Application of Insolvency (Northern Ireland) Order 1989
Voluntary winding up
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1
Paragraph (1) of Article 75 shall have effect as if for the words from the beginning to “meeting" there were substituted the words—
1
Where it is proposed to wind up an incorporated friendly society voluntarily, the committee of management (or, in the case of an incorporated friendly society whose committee of management has more than two members, the majority of them) may at a meeting of the committee
2
The reference to the directors in paragraph (2) shall be construed as a reference to members of the committee of management.