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The Insolvency Rules 1986
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Release of resigning or removed liquidator
4.121. (NO CVL APPLICATION)
(1) Where the liquidator's resignation is accepted by a meeting of creditors which has not resolved against his release, he has his release from when his resignation is effective under Rule 4.109.
(2) Where the liquidator is removed by a meeting of creditors which has not resolved against his release, the fact of his release shall be stated in the certificate of removal.
(3) Where—
(a)the liquidator resigns, and the creditors' meeting called to receive his resignation has resolved against his release, or
(b)he is removed by a creditors' meeting which has so resolved, or is removed by the court,
[[FORM 4.41]] he must apply to the Secretary of State for his release.
(4) When the Secretary of State gives the release, he shall certify it accordingly, and send the certificate to the official receiver, to be filed in court.
(5) A copy of the certificate shall be sent by the Secretary of State to the former liquidator, whose release is effective from the date of the certificate.
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