Calculation of voting rights: special cases (creditors)E+W
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54.—(1) An owner of goods under a hire-purchase or chattel leasing agreement, or a seller of goods under a conditional sale agreement, is entitled to vote in respect of the amount of the debt due and payable by the institution on the date on which it entered special administration.
(2) In calculating the amount of any debt for the purpose of paragraph (1), no account is to be taken of any amount attributable to the exercise of any right under the relevant agreement so far as the right has become exercisable solely by virtue of—
(a)the making of a special administration application, or
(b)the institution entering special administration.
Commencement Information
I1Rule 54 in force at 12.11.2021, see rule 2