Article 2.17 ResignationM1

(1)

A receiver must deliver notice of intention to resign at least 5 business days before the date the resignation is intended to take effect to—

(a)

the holder of the floating charge by virtue of which the receiver is appointed;

(b)

the holder of any other floating charge and any receiver appointed by that holder;

(c)

any other receiver appointed by the court;

(d)

the company (and if it is then subject to other insolvency proceedings under Parts 1 to 5 of the Act, the office-holder in relation to those insolvency proceedings); and

(e)

the members of the creditors' committee.

(2)

Notice given under this rule must specify the date on which the receiver intends the resignation to take effect.

Annotations

Marginal citations

M1: Rule 2.17 is included in the Rules by virtue of article 2 of S.S.I. 2017/209 - see section 70 and 71 of the Act.