
Print Options
PrintThe Whole
Instrument
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Amendment to Rule 2.95
This section has no associated Explanatory Memorandum
12. In Rule 2.95—
(a)for paragraph (3) substitute—
“(3) Subject to paragraph (5)(b), before declaring a dividend the administrator shall by notice invite the creditors to prove their debts. Such notice—
(a)shall be gazetted; and
(b)may be advertised in such other manner as the administrator thinks fit.”; and
(b)for paragraph (5) substitute—
“(5) Where a dividend is to be declared for preferential creditors—
(a)the notice pursuant to paragraph (1) need only to be given to those creditors in whose case the administrator has reason to believe that their debts are preferential; and
(b)the notice pursuant to paragraph (3) need only be given if the administrator thinks fit.”.
Back to top