PART 4

Trustees and commissioners

Interim trustees

Appointment of interim trustee
54
1
Where a petition for sequestration is presented by a creditor, or by a trustee acting under a trust deed, the sheriff may appoint an interim trustee before sequestration is awarded if—
a
the debtor consents, or
b
the trustee acting under the trust deed or any creditor shows cause.
2
For the purposes of the appointment of an interim trustee under subsection (1)—
a
where a person is nominated as mentioned in subsection (1)(a) of section 51 and the provisions of that subsection apply, the sheriff may appoint that person, and
b
where such a person is not appointed, the sheriff must appoint AiB.
3
Where an interim trustee is appointed under subsection (1), the appointee is, as soon as practicable, to notify the debtor of the appointment.
4
The interim trustee must, at the same time as notifying the debtor under subsection (3), send to the debtor for signature by the debtor a statement of undertakings in the form prescribed.
S. 54 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2