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The Industrial and Provident Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014
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- UK Statutory Instruments
- 2014 No. 229
- SCHEDULE 1
- PART 3
- Paragraph 20
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20. Paragraph 52 (requirement for initial creditors' meeting) has effect as if—U.K.
(a)in sub-paragraph (1) for “Paragraph 51(1)” there were substituted “ Paragraph 51(1) and (1A) ”; and
(b)where the administrator is required to summon an initial creditors' meeting under sub-paragraph (2), it required the administrator also to summon a members' meeting for a date within the period mentioned in sub-paragraph (3).
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