Every trustee under a deed of arrangement shall, at the expiration of six months from the date of the registration of the deed, and thereafter at the expiration of every subsequent period of six months until the estate has been finally wound up, sent to each creditor who has assented to the deed a statement in the prescribed form of the trustee’s accounts and of the proceedings under the deed down to the date of the statement, and shall, in his affidavit verifying his accounts transmitted to the Board of Trade, state whether or not he has duly sent such statements, and the dates on which the statements were sent; and, if a trustee fails to comply with any of the provisions of this section, [F1he shall be guilty of contempt of court and liable to be punished accordingly].
Textual Amendments
F1Words substituted by Insolvency Act 1985 (c. 65, SIF 66), s. 235, Sch. 8 para. 2(5) (with saving in Insolvency Act 1986 (c.45, SIF 66), ss. 437, 443, Sch. 11 para. 10(2))