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Rule 3.11 Vacation of office

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The receiver, on vacating office on completion of the receivership or in consequence of his ceasing to be qualified as an insolvency practitioner, shall, in addition to giving notice to the registrar of companies under section 62(5), give notice of his vacating office, within 14 days thereof, to -

(a)

the holder of the floating charge by virtue of which he was appointed,

(b)

the members of the creditors' committee (if any),

(c)

the company or, if it is in liquidation, the liquidator,

(d)

the holder of any other floating charge and any receiver appointed by him.