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The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
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The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Section 26 is up to date with all changes known to be in force on or before 30 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Article 26:
- Order revoked by 2023 c. 29 Sch. 1 Pt. 2
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
- Order revoked by 2023 c. 29 Sch. 1 Pt. 2
Amendments of Schedule 4 to the Insolvent Partnerships Order (Northern Ireland) 1995U.K.
This section has no associated Explanatory Memorandum
26.—(1) Paragraph 23 of Schedule 4 to the Insolvent Partnerships Order (Northern Ireland) 1995 (provisions of the Order which apply with modifications for the purposes of Article 8 to winding up of insolvent partnership on creditor’s petition where concurrent petitions are presented against one or more members)(1) is amended as follows.
(2) In modified Article 149A(2) (priority of debts in joint estate), for sub-paragraph (a) substitute—
“(a)the ordinary preferential debts;
(aa)the secondary preferential debts;”.
(3) In modified Articles 149A(4), 149A(5), 149A(6) and 149B(2), for “sub-paragraphs (a) and (b)” substitute “sub-paragraphs (a), (aa) and (b)”.
(4) In modified Article 149B(1) (priority of debts in separate estate), for sub-paragraph (a) substitute—
“(a)the ordinary preferential debts;
(aa)the secondary preferential debts;”.
Commencement Information
I1Art. 26 in force at 1.1.2015, see art. 1(2)
(1)
Amended by S.R. 2003 No.144.
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