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Rule 2.119 Grounds for resignationF1

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

(1)

The administrator may give notice of his resignation on grounds of ill health or because—

(a)

he intends ceasing to be in practice as an insolvency practitioner; or

(b)

there is some conflict of interest, or change of personal circumstances, which precludes or makes impracticable the further discharge by him of the duties of administrator.

(2)

The administrator may, with the permission of the court, give notice of his resignation on grounds other than those specified in paragraph (1).

Annotations

Textual amendments

F1

Pt. 2 substituted (15.9.2003) by The Insolvency (Amendment) Rules 2003 (S.I. 2003/1730), rule 1(2), Sch. 1 para. 9 (with rule 5(2)-(4))