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Article 5.29 Gazette notice of intended first dividend or distribution

Original text. Later amendments are not shown.

(1)

Subject to paragraphs (2) and (4) where the education administrator intends to declare a first dividend or distribution, the education administrator must gazette a notice containing—

(a)

a statement that the education administrator intends to declare a first dividend or distribution;

(b)

the date by which and place to which proofs must be delivered.

(2)

Where the intended dividend is only to preferential creditors, the education administrator need only gazette a notice if the education administrator thinks fit.

(3)

The education administrator may in addition advertise such a notice in such other manner (if any) as the education administrator thinks fit.

(4)

Paragraph (1) does not apply where the education administrator has previously, by a notice which has been gazetted, invited creditors to prove their debts.