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Rule 4.209 AccountingI1

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 special manager shall produce accounts, containing details of his receipts and payments, for the approval of the liquidator.

(2)

The accounts shall be in respect of 3-month periods for the duration of the special manager's appointment (or for a lesser period, if his appointment terminates less than 3 months from its date, or from the date to which the last accounts were made up).

(3)

When the accounts have been approved, the special manager's receipts and payments shall be added to those of the liquidator.

Annotations

Commencement

I1

Rule 4.209 in force at 29.12.1986, see rule 0.1