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Version date: 26 June 2020 - onwards
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Schedule 3 Modified application of other provisions of the Insolvency Act 1986

Article 4

Interpretation

1. In this Schedule, unless otherwise specified, a reference to a section is a reference to a section of the 1986 Act.

Modification of provisions applied by article 4

2. Unless the context otherwise requires, the provisions applied by article 4 have effect -

(a) with the modifications set out in this Schedule;

(b) subject to those modifications and unless otherwise specified in this Schedule, with the modifications in paragraph 1 of Schedule 1; and

(c) with any other necessary modification.

Miscellaneous provisions applying to companies which are insolvent

3. For the purpose of construing the reference to an associate in subsection (3) of section 242 (gratuitous alienations (Scotland)), section 74 of the Bankruptcy (Scotland) Act 1985 [Note: 1985 c. 66. Section 74 was amended by the Civil Partnership Act 2004 (c. 33), section 261(2) and Schedule 28, paragraph 40, and by S.S.I. 2008/82.] (meaning of "associate") has effect as if -

(a) a reference to the director

Comparing proposed amendment...