OpenLegislation

Rule 110 Approval by the creditors’ committeeI1

Scotland

(1)

Where there is a creditors’ committee, the administrator must call a meeting of that committee to approve the distribution plan.

(2)

The administrator must 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.

Annotations

Commencement

I1

Rule 110 in force at 19.12.2022, see rule 2