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The Banks and Building Societies (Depositor Preference and Priorities) Order 2014

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Changes over time for: Section 26

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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 October 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. Help about Changes to Legislation

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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