The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014 No. 229

SCHEDULE 4 U.K. Modified application of insolvency rules in relation to relevant societies

PART 3 U.K. Modified application of the Insolvency (Scotland) Rules 1986

Distributions to creditors U.K.

50.  In Rules 2.40 (distributions to creditors: introduction) and Rule 2.41A (payments of dividends) a reference to creditors includes a reference to member-depositors, but only in so far as the member-depositors are owed amounts in respect of deposits.