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PART 11Provisions of General Effect

CHAPTER 5Further provisions concerning the administrator

Administrator’s caution

190.—(1) Wherever under these Rules any person has to appoint an administrator, that person must be satisfied before making the appointment that the person appointed or to be appointed has caution for the proper performance of the functions of that office.

(2) It is the duty of the creditors’ committee to review from time to time the adequacy of the administrator’s caution.

(3) The cost of the administrator’s caution shall be paid as an expense of the proceedings.