Small Business, Enterprise and Employment Act 2015

Winding-up

This section has no associated Explanatory Notes

41In section 168 (liquidator’s supplementary powers: England and Wales) for subsection (2) substitute—

(2)The liquidator may seek a decision on any matter from the company’s creditors or contributories; and must seek a decision on a matter—

(a)from the company’s creditors, if requested to do so by one-tenth in value of the creditors;

(b)from the company’s contributories, if requested to do so by one-tenth in value of the contributories.