SCHEDULES

Valid from 01/02/1993

SCHEDULE 10U.K. Application of Companies Winding Up Legislation to Incorporated Friendly Societies

Part IIIU.K. Modified Application of Insolvency (Northern Ireland) Order 1989

Voluntary winding upU.K.

43(1)Paragraph (1) of Article 75 shall have effect as if for the words from the beginning to “meeting" there were substituted the words—U.K.

(1)Where it is proposed to wind up an incorporated friendly society voluntarily, the committee of management (or, in the case of an incorporated friendly society whose committee of management has more than two members, the majority of them) may at a meeting of the committee.

(2)The reference to the directors in paragraph (2) shall be construed as a reference to members of the committee of management.