Rule 198 Administrator’s cautionI1
Scotland
(1)
Wherever under these Rules any person has to appoint or certify the appointment of an administrator, that person must, before making or certifying the appointment, be satisfied that the person appointed or to be appointed has caution for the proper performance of that office.
(2)
It is the duty of the creditors’ committee to review from time to time the adequacy of the administrator’s caution.
(3)
The cost of the administrator’s caution must be paid as an expense of the proceedings.
Annotations
Commencement
- I1
Rule 198 in force at 19.12.2022, see rule 2