Article 5.34 Notice of no dividend, or no further dividendI1

England and Wales

(1)

This rule applies where the housing administrator is unable to declare any dividend or (as the case may be) any further dividend.

(2)

In such a case, the housing administrator must deliver a notice, containing a statement to the effect that either—

(a)

no funds have been realised; or

(b)

the funds realised have already been distributed or used or allocated for paying the expenses of the housing administration.

(3)

The information required by paragraph (2) may be contained in a progress report.

Annotations