# The Insolvency (Scotland) Amendment Rules 1987, Paragraph 10: Rule 4.5


(1) In paragraph (3) of Rule 4.5, for the words from the beginning of the paragraph to “accordingly” there shall be substituted the following:
“(3) Without prejudice to any order of the court as to expenses, the provisional liquidator’s remuneration shall be paid to him, and the amount of any expenses incurred by him (including the remuneration and expenses of any special manager appointed under section 177) reimbursed—
(a) if a winding up order is not made, out of the property of the company”.
(2) After paragraph (3) of that Rule there shall be inserted the following paragraph:—
“(4) Unless the court otherwise directs, in a case falling within paragraph (3)(a) above, the provisional liquidator may retain out of the company’s property such sums or property as are or may be required for meeting his remuneration and expenses.”.

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Source: https://www.legislation.gov.uk/uksi/1987/1921/schedule/paragraph/10 (the official version)
Page: https://openlegislation.uk/insolvency-scotland-amendment-rules-1987/schedule/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.