252. Power of trustees to defer winding up.

If, apart from the provision now explained, the rules of a trust scheme1 would require the scheme to be wound up, the trustees may determine: (1) that the scheme is not for the time being to be wound up but that no new members2 are to be admitted to it; or (2) that the scheme is not for the time being to be wound up but that no new members, except pension credit members3, are to be admitted to it4. Where the trustees make such a determination, they may also determine: (a) that no further contributions are to be

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