[F18A(1)Provision about the making of decisions by creditors and contributories, including provision—E+W+S
(a)prescribing particular procedures by which creditors and contributories may make decisions;
(b)authorising the use of other procedures for creditors and contributories to make decisions, if those procedures comply with prescribed requirements.
(2)Provision under sub-paragraph (1) may in particular include provision about—
(a)how creditors and contributories may request that a creditors' meeting or a contributories' meeting be held,
(b)the rights of creditors, contributories and others to be given notice of, and participate in, procedures,
(c)creditors' and contributories' rights to vote in procedures,
(d)the period within which any right to participate or vote is to be exercised,
(e)the proportion of creditors or contributories that must vote for a proposal for it to be approved,
(f)how the value of any debt or contribution should be determined,
(g)the time at which decisions taken by a procedure are to be treated as having been made.]
Textual Amendments
F1Sch. 8 para. 8A inserted (26.5.2015 for specified purposes, 6.4.2017 for E.W. in so far as not already in force, 6.4.2019 for S. in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 122(3), 164(1); S.I. 2015/1329, reg. 3(d); S.I. 2016/1020, reg. 4(a) (with reg. 5) (as amended by S.I. 2017/363, reg. 3); S.I. 2019/816, reg. 4(a) (with reg. 5)