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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 27 is up to date with all changes known to be in force on or before 01 February 2025. 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 27:
- 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 7 to the Insolvent Partnerships Order (Northern Ireland) 1995U.K.
This section has no associated Explanatory Memorandum
27.—(1) Paragraph 21 of Schedule 7 to the Insolvent Partnerships Order (Northern Ireland) 1995 (provisions of the Order which apply with modifications for the purposes of Article 11 where joint bankruptcy petition is presented by individual members without winding up partnership as unregistered company)(1) is amended as follows.
(2) In modified Article 300A(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 300A(4), 300A(5), 300A(6) and 300B(2), for “sub-paragraphs (a) and (b)” substitute “sub-paragraphs (a), (aa) and (b)”.
(4) In modified Article 300B(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. 27 in force at 1.1.2015, see art. 1(2)
(1)
Amended by S.R. 2006 No.515.
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