SCHEDULE 4

VOLUNTARY TRUST DEEDS FOR CREDITORS

Registration of notice of inhibition
3
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).
Sch. 4 para. 3 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2