# The Postal Administration (Scotland) Rules 2016, Article 52: Payment of dividends

Extent: S

(1) On the expiry of the period within which an appeal may be taken under Rule 51(6) or, if an appeal is so taken, on the final determination of the last such appeal, the postal administrator shall pay to the creditors their dividends in accordance with the scheme of division.
(2) Any dividend—
(a) allocated to a creditor which is not cashed or uplifted; or
(b) dependent on a claim in respect of which an amount has been set aside under Rule 50(6) or (7),
shall be deposited by the postal administrator in an appropriate bank or institution.
(3) If a creditor’s claim is revalued, the postal administrator may—
(a) in paying any dividend to that creditor, make such adjustment to it as the postal administrator considers necessary to take account of that revaluation; or
(b) require the creditor to repay the postal administrator the whole or part of a dividend already paid to the creditor.
(4) The postal administrator shall insert in the sederunt book the audited accounts, the scheme of division and final determination in relation to the postal administrator’s outlays and remuneration.
(5) For the purposes of paragraph 99(3) of Schedule B1 to the 1986 Act, the former postal administrator’s remuneration and expenses shall comprise all those items set out in Rule 48(1).

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Source: https://www.legislation.gov.uk/uksi/2016/900/article/52 (the official version)
Page: https://openlegislation.uk/postal-administration-scotland-rules-2016/article-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.