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Rule 194 Sederunt bookI1

Scotland

(1)

The administrator must maintain a sederunt book (“the sederunt book”) during their term of office for the purpose of providing an accurate record of the insolvency proceedings.

(2)

Without prejudice to the generality of the above, the administrator must include in the sederunt book a copy of anything else required to be recorded in it by any provision of the Regulations or these Rules.

(3)

The administrator must make the sederunt book available for inspection at all reasonable hours by any interested person.

(4)

Any entry in the sederunt book is sufficient evidence of the facts stated in it, except where it is relied upon by the administrator in the administrator’s own interest.

(5)

The administrator must retain, or make arrangements for the retention of, the sederunt book for a period of not less than six years after the end of the special administration or (if later) the release of the last person to hold office as administrator in the special administration.

Annotations

Commencement

I1

Rule 194 in force at 19.12.2022, see rule 2