Article 5.43 Reporting distribution of property to creditors under rule 5.13
(1)
This rule applies where there has been a distribution of property to creditors under rule 5.13.
(2)
In any account or summary of receipts and payments which is required to be included in a notice or report prepared under a rule listed in paragraph (3), the education administrator must—
(a)
state the estimated value of the property divided among the creditors of the further education body during the period to which the account or summary relates; and
(b)
provide details of the basis of the valuation as a note to the account or summary of receipts and payments.
(3)
Paragraph (2) applies to the following—
(a)
rule 3.13 (progress reports); and
(b)
rule 6.2 (notice of intention to resign).