Part II Modified Application of Insolvency Act 1986 Parts IV[, [VI, VII,] 12 and 13] [and Schedule 10]
Friendly Societies Act 1992 (1992 c 40) | Legislation

Part II Modified Application of Insolvency Act 1986 Parts IV[, [VI, VII,] 12 and 13] [and Schedule 10]

Preliminary

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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€.

[6A

Parts 4, 6, 7 and 12 of, and Schedule 10 to, the Act, in their application to incorporated friendly 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

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

Members of a friendly society as contributories in winding up

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(1)     Section 74 (liability of members) of the Act is modified as follows.

(2)     In subsection (1), the reference to any past member shall be omitted.

(3)     Paragraphs (a) to (d) of subsection (2) shall be omitted; and so shall subsection (3).

(4)     The extent of

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