SCHEDULE 1Modified application of Parts 1 and 2 of the Insolvency Act 1986 to relevant societies
PART 3Modified application of Part 2 of the Insolvency Act 1986 to relevant societies (further modifications)
20.
Paragraph 52 (requirement for initial creditors' meeting) has effect as if—
(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).