Article 3.10 Application by former liquidator to the Accountant of Court for release (section 173(2)(b))M1

(1)

This rule applies to a liquidator who—

(a)

is removed by the court;

(b)

vacates office on ceasing to be qualified to act as an insolvency practitioner in relation to the company; or

(c)

vacates office in consequence of the court making a winding-up order against the company.

(2)

Where the former liquidator applies to the Accountant of Court for release the application must contain—

(a)

identification details for the insolvency proceedings;

(b)

identification and contact details for the former liquidator;

(c)

details of the circumstances under which the former liquidator has ceased to act as liquidator; and

(d)

a statement that the former liquidator is applying to the Accountant of Court for a certificate of the former liquidator's release as liquidator as a result of the circumstances specified in the application.

(3)

The application must be authenticated and dated by the former liquidator.

(4)

When the Accountant of Court gives a release, the Accountant of Court must deliver—

(a)

a certificate of the release to the former liquidator; and

(b)

a notice of the release to AiB.

(5)

Release is effective from the date of the certificate or such other date as the certificate specifies.

Annotations

Marginal citations

M1: A new section 173(2)(b) is prospectively inserted by paragraph 44(2) of schedule 9 of the 2015 Act.