SCHEDULES

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

PART 1 U.K.Company insolvency

Winding-upU.K.

33(1)Section 138 (appointment of liquidator in Scotland) is amended as follows.U.K.

(2)In subsection (3), for “summon separate meetings of” substitute “ in accordance with the rules seek nominations from ”.

(3)In subsection (4), for the words from “summon under” to the second “meeting of” substitute “ seek a nomination from the company's contributories under subsection (3), he may seek a nomination only from ”.

(4)In subsection (5)—

(a)for “one or more meetings are held” substitute “ a nomination is sought from the company's creditors, or nominations are sought from the company's creditors and contributories, ”;

(b)for “by the meeting or meetings” substitute “ as a result ”.

Commencement Information

I1Sch. 9 para. 33 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)