Rule 2.129 Administrator’s duties on vacating officeF1
Where the administrator ceases to be in office as such, in consequence of removal, resignation or cesser of qualification as an insolvency practitioner, he is under obligation as soon as reasonably practicable to deliver up to the person succeeding him as administrator the assets (after deduction of any expenses properly incurred and distributions made by him) and further to deliver up to that person—
the records of the administration, including correspondence, proofs and other related papers appertaining to the administration while it was within his responsibility; and
the company’s books, papers and other records.
If the administrator makes default in complying with this Rule, he is liable to a fine and, for continued contravention, to a daily default fine.
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))