Rule 4.24 Procedure on liquidator's removal

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

rule 1.12-1.16E applied 2016 asp 21 s. 14B (as inserted) by Insolvency (Regulation (EU) 2015/848) 2017 reg. 4(8)
Rules applied (with modifications) by Building Society Special Administration 2009 rule 38-41
rule 4.24(1)(a)(b) words substituted by Scotland Act 1998 (Consequential Modifications) 1999 Sch. 2 para. 141(9)
Rules applied (with modifications) by Limited Liability Partnerships 2001 reg. 6(1)
Rules specified provisions applied (with modifications) by Collective Investment in Transferable Securities (Contractual Scheme) 2013 Sch. 4
rule 4.24 applied (with modifications) by Building Society Insolvency 2010 rule 38

(1)

Where the creditors have resolved that the liquidator be removed, the chairman of the creditors' meeting shall forthwith -

(a)

if, at the meeting, another liquidator was not appointed, send a certificate of the liquidator's removal to the court and to the registrar of companies, andForm 4. (Scot)Form 4. (Scot)

(b)

otherwise, deliver the certificate to the new liquidator, who shall forthwith send it to the court and to the registrar of companies.Form 4. (Scot)Form 4. (Scot)

(2)

The liquidator's removal is effective as from such date as the meeting of the creditors shall determine, and this shall be stated in the certificate of removal.