Article 5.31 Postponement or cancellation of dividend

The education administrator may postpone or cancel the dividend in the period of two months from the last date for proving if an application is made to the court for the education administrator’s decision on a proof to be reversed or varied, or for a proof to be excluded, or for a reduction of the amount claimed.

The education administrator may postpone a dividend if the education administrator considers that, due to the nature of the affairs of the further education body to which the education administration relates, there is real complexity in admitting or rejecting proofs of claims submitted.

Where the dividend is postponed or cancelled a new notice under rule 5.26 will be required if the dividend is paid subsequently.