SCHEDULE 4VOLUNTARY TRUST DEEDS FOR CREDITORS

Registration of notice of inhibition

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1

The trustee, from time to time after the trust deed is delivered to the trustee, may cause a notice in such form as is prescribed by act of sederunt to be recorded in the Register of Inhibitions.

2

Such recording has the same effect as the recording in that register of letters of inhibition against the debtor.

3

The trustee, after—

a

the debtor's estate has been distributed finally among the debtor's creditors, or

b

the trust deed has otherwise ceased to be operative,

must cause a notice in such form as is so prescribed to be recorded in that register recalling the notice recorded under sub-paragraph (1).