PART 3Initial stages of sequestration, statutory meeting and trustee vote

Statutory meeting

I145Procedure where no statutory meeting called

1

Where the trustee in the sequestration does not call the statutory meeting and the 7 days mentioned in section 44(5) expire, the trustee must forthwith make a report to AiB on the circumstance of the sequestration.

2

But subsection (1) does not apply if AiB is the trustee.