Article 7.32 Payment of dividends

(1)

On the expiry of the period within which an appeal may be taken under rule 7.12 or, if an appeal is so taken, on the final determination of the last such appeal, the liquidator must pay to the creditors the dividends in accordance with the scheme of division.

(2)

Any dividend—

(a)

allocated to a creditor which is not cashed or uplifted; or

(b)

dependent on a claim in respect of which an amount has been set aside under rule 7.31 (9) or (10),

must be deposited by the liquidator in an appropriate bank or institution.

(3)

If a creditor's claim is revalued, the liquidator may—

(a)

in paying any dividend to that creditor, make such adjustment to it as the liquidator considers necessary to take account of that revaluation; or

(b)

require the creditor to repay to the liquidator the whole or part of a dividend already paid to that creditor.