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Rule 11.11 Assignment of right to dividendI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

If a person entitled to a dividend gives notice to the responsible insolvency practitioner that he wishes the dividend to be paid to another person, or that he has assigned his entitlement to another person, the insolvency practitioner shall pay the dividend to that other accordingly.

(2)

A notice given under this Rule must specify the name and address of the person to whom payment is to be made.

Annotations

Commencement

I1

Rule 11.11 in force at 29.12.1986, see rule 0.1