Companies Act 2014
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CHAPTER 12 Examinerships | ||
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Petitions for examinerships | ||
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1122. Section 510 shall apply to a PLC as if the following subsections were substituted for subsections (2) and (3): | ||
“(2) Where the company referred to in section 509 is an insurer or the holding company of an insurer, a petition may be presented only by the Central Bank, and subsection (1) shall not apply to the company. | ||
(3) Where the company referred to in section 509 is— | ||
(a) a credit institution or the holding company of a credit institution; | ||
(b) a company which one or more trustee savings banks have been reorganised into pursuant to an order under section 57 of the Trustee Savings Banks Act 1989 ; or | ||
(c) a company which a building society has converted itself into under Part XI of the Building Societies Act 1989 , | ||
a petition may be presented only by the Central Bank, and subsection (1) shall not apply to the company.”. |