SCHEDULES

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

Part III Modified Application of Insolvency (Northern Ireland) Order 1989

Winding up: general

60

Article 158 (power to make over assets to employees) of the Order does not apply.

61

1

In Article 166 (dissolution: voluntary winding up) of the Order, paragraph (2) applies without the words from “and on the expiration" to the end of the paragraph and, in paragraph (3), the word “However" shall be omitted.

2

Articles 167 and 168 (early dissolution) of the Order do not apply.

62

In Article 169 (dissolution: winding up by the High Court) of the Order, paragraph (1) applies with the omission of the words from “and, subject" to the end of the paragraph; and in paragraphs (2) and (3) references to the Department shall have effect as references to the Commission.