112E+WIn paragraph 25 of that Schedule (effect of supervening incapacity on contentious business agreements)—
(a)for sub-paragraph (1)(b) substitute—
“(b)a relevant insolvency event occurs in relation to the body;”,
(b)in sub-paragraphs (2) and (3)—
(i)for “taxation” (in each place) substitute “ assessment ”, and
(ii)for “taxing officer” (in each place) substitute “ costs officer ”,
(c)in sub-paragraph (3) for “any officer” substitute “ any manager ”, and
(d)after that sub-paragraph insert—
“(4)For the purposes of this paragraph a relevant insolvency event occurs in relation to a recognised body if—
(a)a resolution for a voluntary winding-up of the body is passed without a declaration of solvency under section 89 of the Insolvency Act 1986;
(b)the body enters administration within the meaning of paragraph 1(2)(b) of Schedule B1 to that Act;
(c)an administrative receiver within the meaning of section 251 of that Act is appointed;
(d)a meeting of creditors is held in relation to the body under section 95 of that Act (creditors' meeting which has the effect of converting a members' voluntary winding up into a creditors' voluntary winding up);
(e)an order for the winding up of the body is made.”
Commencement Information
I1Sch. 16 para. 112(a)(c)(d) in force at 30.6.2008 by S.I. 2008/1436, art. 2(d)(ii); Sch. 16 para. 112(b) in force at 1.1.2010 by S.I. 2009/3250, art. 2(f)(ii) (with art. 9)