The Insolvency (Scotland) (Receivership and Winding up) Rules 2018 No. 347

PART 10 CREDITORS’ AND LIQUIDATION COMMITTEES

CHAPTER 3 Membership and formalities of formation of a committee

Cessation of liquidation committee in a winding up when creditors are paid in full

10.13.—(1) Where the creditors have been paid in full together with interest in accordance with section 189, the liquidator must deliver to AiB a notice to that effect.

(2) On the delivery of the notice the liquidation committee ceases to exist.

(3) The notice must—

(a) identify the liquidator;

(b) contain a statement by the liquidator certifying that the creditors of the company have been paid in full with interest in accordance with section 189; and

(c) be authenticated and dated by the liquidator.