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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 March 2018 - onwards
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Schedule 15A, Part II Modified Application of Parts I to III, 6, 7, 12 and 13 of Insolvency Act 1986 (paras. 6-27I)

Section 39(2).

Preliminary

6 In this Part of this Schedule, the [1986 c. 45.] Insolvency Act 1986 is referred to as "the Act".

6A. Parts 1, 3, 6, 7 and 12 of the Act, in their application to building societies, have effect without the amendments of those Parts made by -

(a) section 122 of the Small Business, Enterprise and Employment Act 2015 (abolition of requirements to hold meetings: company insolvency);

(b) section 124 of that Act (ability for creditors to opt not to receive certain notices: company insolvency); and

(c) Part 1 of Schedule 9 to that Act (sections 122 to 125: further amendments).

Voluntary arrangements

7 Section 1 of the Act (proposals for voluntary arrangements) has effect as if -

(a) it required any proposal under Part I of the Act to be so framed as to enable a building society to comply with the requirements of this Act; and

(b) any reference to debts included a reference to liabilities owed to the holders of shares in a building society.

8 In section 2 (procedur

Comparing proposed amendment...