
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 3


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 15/03/2024
Status:
Point in time view as at 01/12/2020. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Insolvency Act 1986, Section 3 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
3[Consideration of proposal].E+W+S
(1)Where the nominee under section 1 is not the liquidator or administrator, and it has been report to the court [under section 2(2) that the proposal should be considered by a meeting of the company and by the company's creditors], the person making the report shall (unless the court otherwise [directs)—
(a)summon a meeting of the company to consider the proposal for the time, date and place proposed in the report, and
(b)seek a decision from the company's creditors as to whether they approve the proposal.]
(2)Where the nominee is the liquidator or administrator, he [shall—
(a)summon a meeting of the company to consider the proposal for such time, date and place as he thinks fit, and
(b)seek a decision from the company's creditors as to whether they approve the proposal.]
[(3)A decision of the company's creditors as to whether they approve the proposal is to be made by a qualifying decision procedure.
(4)Notice of the qualifying decision procedure must be given to every creditor of the company of whose claim and address the person seeking the decision is aware.]
Textual Amendments
Modifications etc. (not altering text)
Back to top