Part II Modified Application of Insolvency Act 1986 Parts IV[, VI, VII][, XII and XIII] [and Schedule 10]
Building Societies Act 1986 (1986 c 53) | Legislation

Part II Modified Application of Insolvency Act 1986 Parts IV[, VI, VII][, XII and XIII] [and Schedule 10]

Preliminary

6

In this Part of this Schedule, Part IV of the Insolvency Act 1986 is referred to as “Part IVâ€; and that Act is referred to as “the Actâ€.

[6ZA

Parts 4, 6, 7 and 12 of, and Schedule 10 to, the Act, in their application to building societies, have effect without the amendments of those Parts and that Schedule 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).]

[6A

In the following provisions of the Act a reference to the creditors, general creditors or unsecured creditors of a company includes a reference to every shareholding member of the building society to whom a sum due from the society in relation to the member's shareholding is due in respect of a deposit—

(a)     subsection (1) of section 143 (general functions

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