Release of resigning or removed liquidator
4.128. (NO CVL APPLICATION)
(1) Where the liquidator's resignation is accepted by a meeting of creditors which has not resolved against his release, he has his release from when his resignation is effective under Rule 4.116.
(2) Where the liquidator is removed by a meeting of creditors which has not resolved against his release, that fact shall be stated in the certificate of removal.
(3) Where—
(a)the liquidator resigns, and the creditors' meeting called to receive his resignation has resolved against his release, or
(b)he is removed by a creditors' meeting which has so resolved, or is removed by the court,
he must apply to the Department for his release.[FORM 4.42]
(4) When the Department gives the release, it shall so certify and send the certificate to the official receiver, to be filed in court.
(5) A copy of the certificate shall be sent by the Department to the former liquidator, whose release is effective from the date of the certificate.
[E.R.4.121]