124 Ability for creditors to opt not to receive certain notices: company insolvency
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

124  Ability for creditors to opt not to receive certain notices: company insolvency

(1)     The Insolvency Act 1986 is amended as follows.

(2)     For the italic heading before section 246B substitute—“Giving of notices etc by office-holders”.

(3)     After section 246B insert—

“246C Creditors' ability to opt out of receiving certain notices

(1)     Any provision of the rules which requires an office-holder of a company to give a notice to creditors of the company does not apply, in circumstances prescribed by the rules, in relation to opted-out creditors.

(2)     Subsection (1)—

(a)     does not apply in relation to a notice of a distribution or proposed distribution to creditors;

(b)     is subject

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