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Article 24 Apportionment of expenses of liquidation

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

(1)

Rule 4.67 of the principal rules (appointment and remuneration) applies separately to the assets of the long-term business of the company and to the assets of the other business of the company.

(2)

Where any fee, expense, cost, charge, outlay or remuneration does not relate exclusively to the assets of the company’s long-term business or to the assets of the company’s other business, the liquidator shall apportion it amongst those assets in such manner as he shall determine.