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Article 81 Notice of no dividend, or no further dividend

Original text. Later amendments are not shown.

If the SMCL administrator delivers notice to creditors that the SMCL administrator is unable to declare any dividend or (as the case may be) any further dividend, the notice must contain a statement to the effect either—

(a)

that no funds have been realised; or

(b)

that the funds realised have already been distributed or used or allocated for paying the expenses of SMCL administration.