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SCHEDULES

SCHEDULE 15U.K. Application of Companies Winding Up Legislation to Building Societies

Modifications etc. (not altering text)

C1Sch. 15 applied (with modifications) (7.4.2010) by The Building Societies (Financial Assistance) Order 2010 (S.I. 2010/1188), arts. 1(2), 9

Part IIU.K. Modified Application of Insolvency Act 1986

Parts IV and XIIU.K.

PreliminaryU.K.

[F16A.U.K.In the following provisions of the Act a reference to the creditors, general creditors or unsecured creditors of a company includes a reference to every shareholding member of the building society to whom a sum due from the society in relation to the member’s shareholding is due in respect of a deposit—

(a)subsection (1) of section 143 (general functions of liquidator in winding up by the court);

(b)subsection (3) of section 149 (debts due from contributory to company);

(c)subsection (4) of section 168 (supplementary powers (England and Wales));

(d)subsection (2)(b) of section 175 (preferential debts (general provision));

(e)subsection (1) of section 176ZA (payment of expenses of winding up (England and Wales)); and

(f)subsections (3)(b) and (5)(a) of section 176A (share of assets for unsecured creditors).]