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Section 3: Chairman

Insolvency Act · FIRST SCHEDULE

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

3. Chairman (1) In the case of a bankruptcy, the Official Receiver or his nominee appointed by the Official Receiver shall act as chair of the meeting. (2) Where a liquidator has been appointed, and is present, or where the liquidator has appointed a nominee and the nominee is present, he shall act as chair of a meeting held in accordance with paragraph 1 (a) or (b). (3) In any case involving the winding up of a company, where there is no liquidator or neither the liquidator nor any nominee of the liquidator is present, the creditors participating shall choose one of their number to act as chairman of the meeting.

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