SCHEDULES

SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors

PART 1Company insolvency

Receivers and managers

I1I214

1

Section 67 (report by receiver - Scotland) is amended as follows.

2

In subsection (1), after “such creditors” insert “ , other than opted-out creditors, ”.

3

In subsection (2)—

a

in paragraph (a), after “company” insert “ , other than opted-out creditors ”;

b

omit the words after paragraph (b).

4

Omit subsection (3).