The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
10 Administration and preferential debts
(1) Schedule B1 to the Insolvency Act 1986 (administration), paragraph 73(1) is amended as follows. (2) Omit the “or” at the end of paragraph (b). (3) After paragraph (b) insert— (bb) would result in an ordinary preferential debt of the company being paid otherwise than in priority to any secondary preferential debts that it may have, . (4) In paragraph (c), for “his debt” substitute “an ordinary preferential debt”. (5) At the end of paragraph (c), insert— or (d) would result in one preferential creditor of the company being paid a smaller proportion of a secondary preferential debt than another. .
10 Administration and preferential debts
(1) Schedule B1 to the Insolvency Act 1986 (administration), paragraph 73(1) is amended as follows. (2) Omit the “or” at the end of paragraph (b). (3) After paragraph (b) insert— (bb) would result in an ordinary preferential debt of the company being paid otherwise than in priority to any secondary preferential debts that it may have, . (4) In paragraph (c), for “his debt” substitute “an ordinary preferential debt”. (5) At the end of paragraph (c), insert— or (d) would result in one preferential creditor of the company being paid a smaller proportion of a secondary preferential debt than another. .
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