# The Energy Supply Company Administration (Scotland) Rules 2013, Rule 51: Payment of dividends


(1) On the expiry of the period within which an appeal may be taken under rule 50(6) or, if an appeal is so taken, on the final determination of the last such appeal, the energy administrator shall pay to the creditors their dividends in accordance with the scheme of division.
(2) Any dividend—
(a) allocated to a creditor which is not cashed or uplifted; or
(b) dependent on a claim in respect of which an amount has been set aside under Rule 49(6) or (7),
shall be deposited by the energy administrator in an appropriate bank or institution.
(3) If a creditor’s claim is revalued, the energy administrator may—
(a) in paying any dividend to that creditor, make such adjustment to it as the energy administrator considers necessary to take account of that revaluation; or
(b) require the creditor to repay the energy administrator the whole or part of a dividend already paid to the creditor.
(4) The energy administrator shall insert in the sederunt book the audited accounts, the scheme of division and final determination in relation to the energy administrator’s outlays and remuneration.
(5) For the purposes of paragraph 99(3) of Schedule B1 to the 1986 Act, the former energy administrator’s remuneration and expenses shall comprise all those items set out in Rule 47(1).

---
Source: https://www.legislation.gov.uk/uksi/2013/1047/rule/51 (the official version)
Page: https://openlegislation.uk/energy-supply-company-administration-scotland-rules-2013/rule-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.