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Rule 4.203 Control by liquidation 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)

Where the liquidator proposes to make a call, and there is a liquidation committee, he may summon a meeting of the committee for the purpose of obtaining its sanction.

(2)

At least 7 days' notice of the meeting shall be given by the liquidator to each member of the committee.

(3)

The notice shall contain a statement of the proposed amount of the call, and the purpose for which it is intended to be made.

Annotations

Commencement

I1

Rule 4.203 in force at 29.12.1986, see rule 0.1