38 Power to defer winding up
Pensions Act 1995 (1995 c 26) | Legislation

38  Power to defer winding up

(1)     If, apart from this section, the rules of a trust scheme would require the scheme to be wound up, the trustees may determine—

[(a)     that the scheme is not for the time being to be wound up but that no new members are to be admitted to it, or

(b)     that the scheme is not for the time being

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