OpenLegislation

Rule 3.18 Functions and meetings of the committeeI1

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)

The creditors' committee shall assist the administrative receiver in discharging his functions, and act in relation to him in such manner as may be agreed from time to time.

(2)

Subject as follows, meetings of the committee shall be held when and where determined by the receiver.

(3)

The receiver shall call a first meeting of the committee not later than 3 months after its establishment; and thereafter he shall call a meeting—

(a)

if requested by a member of the committee or his representative (the meeting then to be held within 21 days of the request being received by the receiver), and

(b)

for a specified date, if the committee has previously resolved that a meeting be held on that date.

(4)

The receiver shall give 7 days' written notice of the venue of any meeting to every member (or his representative designated for that purpose), unless in any case the requirement of notice has been waived by or on behalf of any member.

Waiver may be signified either at or before the meeting.

Annotations

Commencement

I1

Rule 3.18 in force at 29.12.1986, see rule 0.1