Administrator’s securityE+W
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adran has no associated
Memorandwm Esboniadol
286.—(1) Wherever under these Rules any person has to appoint or certify the appointment of an administrator, that person must, before making or certifying the appointment, be satisfied that the person appointed or to be appointed has security for the proper performance of that office.
(2) It is the duty of the creditors’ committee to review from time to time the adequacy of the administrator’s security.
(3) The cost of the administrator’s security must be paid as an expense of the proceedings.
Commencement Information
I1Rule 286 in force at 12.11.2021, see rule 2