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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2014 - onwards
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Article 3 Application of section 176A of the 1986 Act

Section 176A of the 1986 Act (share of assets for unsecured creditors) [Note: Section 176A was inserted by the Enterprise Act 2002, section 252.] applies in relation to a relevant society which is in administration, and for that purpose -

(a) a reference to a company includes a reference to a relevant society;

(b) a reference to a receiver is to be ignored; and

(c) in subsection (4)(b) [Note: Subsection (4)(b) was amended by S.I. 2008/948.] the reference to Part 26 of the 2006 Act is a reference to that Part as applied in relation to a relevant society.

Comparing proposed amendment...