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PART 15E+WDECISION MAKING

CHAPTER 7E+WAdjournment and suspension of meetings

Adjournment in absence of chairE+W

15.25.—(1) In [F1a decision procedure in respect of a moratorium under Part A1 of the Act,] an administration, administrative receivership, a creditors' voluntary winding up, a winding up by the court or a bankruptcy, if no one attends to act as chair within 30 minutes of the time fixed for a meeting to start, then the meeting is adjourned to the same time and place the following week or, if that is not a business day, to the business day immediately following.

(2) If no one attends to act as chair within 30 minutes of the time fixed for the meeting after a second adjournment under this rule, then the meeting comes to an end.

Textual Amendments

Modifications etc. (not altering text)