The Industrial and Provident Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014 No. 229

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

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

Quorum at meetings

56.  Rule 7.7 (quorum) has effect in relation to a relevant society as if—

(a) paragraph (1) provided that a quorum, in the case of a meeting of members of the society—

(i) is to be determined according to the rules of the society which lay down a quorum for a general meeting of the society; or

(ii) if there are no such rules, is at least two members who are entitled to vote, or both of them if their number does not exceed two; and

(b) in paragraph (3) the reference to any meeting of creditors included a reference to any meeting of members of the society.