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The Insolvency (Amendment) (No. 2) Rules 2002

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Amendments to Rule 1.22

13.  In Rule 1.22—

(a)for paragraph (1) there is substituted—

(1) If the voluntary arrangement is approved (with or without modifications) by the creditors' meeting, a resolution may be taken by the creditors, where two or more supervisors are appointed, on the question whether acts to be done in connection with the arrangement may be done by any one or more of them, or must be done by all of them.;

(b)paragraph (2) is omitted; and

(c)after the word “company” in sub-paragraph (b) of paragraph (3) there is inserted—

or is an authorised person in relation to the company.

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