# The Investment Bank Special Administration (Scotland) Rules 2011, Rule 121: Approval by the creditors’ committee


(1) Where there is a creditors’ committee, the administrator shall summon a meeting of that committee to approve the distribution plan.
(2) The administrator shall send the proposed distribution plan to each member of the creditors’ committee when sending out notice of the meeting.
(3) The creditors’ committee may approve the distribution plan with or without modification.

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Source: https://www.legislation.gov.uk/uksi/2011/2262/rule/121 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-121
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.