The Industrial and Provident Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014

This section has no associated Explanatory Memorandum

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).