Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)

Schedule 4   Amendment of the Life Insurance Act 1995

40   Paragraph 188(1)(c)

Repeal the paragraph, substitute:

(c) either:

(i) the Court orders that the company be wound up; or

(ii) for a company that is a friendly society referred to in subsection 180(2) - the members of the society have passed a special resolution that the society be wound up;