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4.25.—(1) Where the liquidator has been removed by a creditors' meeting which has not resolved against his release, the date on which he has his release in terms of section 174(4)(a) shall be stated in the certificate of removal before a copy of it is sent to the court and to the registrar of companies under Rule 4.24(1).[Form 4. (Scot)] [Form 4. (Scot)]
(2) Where the liquidator is removed by a creditors' meeting which has resolved against his release, or is removed by the court, he must apply to the Accountant of Court for his release.[Form 4.12 (Scot)]
(3) When the Accountant of Court releases the former liquidator, he shall -
(a)issue a certificate of release to the new liquidator who shall send a copy of it to the court and to the registrar of companies, and[Form 4.13 (Scot)] [Form 4.14 (Scot)]
(b)send a copy of the certificate to the former liquidator,
and in this case release of the former liquidator is effective from the date of the certificate.
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