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PART 3Initial stages of sequestration, statutory meeting and trustee vote

Statutory meeting

45Procedure where no statutory meeting called

(1)Where the trustee in the sequestration does not call the statutory meeting and the 7 days mentioned in section 44(5) expire, the trustee must forthwith make a report to AiB on the circumstance of the sequestration.

(2)But subsection (1) does not apply if AiB is the trustee.