250. Modification to fix time for settling priority of liabilities on winding up.

250.     Modification to fix time for settling priority of liabilities on winding up.

The trustees of a trust scheme1 may by resolution modify the scheme with a view to fixing or providing for the fixing of the time when the priority of the liability in respect of any person is to be determined, in the event of a determination that the scheme is not for the time being to be wound up, despite rules otherwise requiring it to be so2. That time must be on or after the date of the resolution and of any such