7.87.—(1) Where the liquidator proposes to make a call, and there is a liquidation committee, the liquidator may summon a meeting of the committee for the purpose of obtaining its sanction.
(2) The liquidator must deliver a notice of the meeting to each member of the committee giving at least five business days' notice of the meeting.
(3) The notice must state the purpose of making the call and the proposed amount of the call.