There are currently no known outstanding effects for the The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014, Paragraph 22.
22. Paragraph 54 (revision of administrator's proposals) has effect as if—U.K.
(a)in sub-paragraph (1) the reference to an initial creditors' meeting, and in sub-paragraphs (2) and (5) the reference to a creditors' meeting, included a reference to a members' meeting;
(b)after sub-paragraph (1) there were inserted—
“(1A) Where a revision is proposed in the case of a relevant society, sub-paragraphs (3A) to (3C) of paragraph 49 apply in relation to the revision.”;
(c)sub-paragraph (2) required the administrator—
(i)to summon a members' meeting (as well as a creditors' meeting); and
(ii)to send a statement of the proposed revision in the prescribed form (as well as to each creditor) to every member of the society;
(d)sub-paragraphs (2)(c) and (3) were omitted; and
(e)sub-paragraph (6) required the administrator to report any decision taken at a creditors' meeting and any decision taken at a members' meeting as soon as is reasonably practicable after the conclusion of both meetings.
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