Other insolvency processes
This section has no associated Explanatory Memorandum
4. In section 88 of the 1986 Act (voluntary winding-up), in subsection (1) at the end insert—
“, but a resolution may not be passed if—
(a)the conditions in section 90D are not satisfied, or
(b)the society is in building society insolvency or building society special administration.
(1A) A resolution under subsection (1) shall have no effect without the prior approval of the court.”.