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AI Summary of 587. Meeting of creditors

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 3 December 2024 - onwards
Version 5 of 5

587. Meeting of creditors

(1) The company shall cause a meeting of the creditors of the company (the "creditors' meeting") to be summoned for the day, or the day next following the day, on which there is to be held the meeting at which the resolution for a creditors' voluntary winding up is to be proposed.

(2) For that purpose, the company shall send to each creditor, at least 10 days before the date of the creditors' meeting, notice in writing of such meeting.

(3) The notice required by subsection (2) shall -

(a) state the date, time and location of the creditors' meeting,

(aa)[deleted]

(ab) inform the creditors of the company of their power to appoint a committee of inspection under section 667,

(b) state the name and address of the person at that time proposed for appointment as liquidator, if any, and

(c) either -

(i) attach a list of the creditors of the company, or

(ii) notify the recipient of his or her rights under subsection (4), together with details of the location at which the list of creditors of the company may be inspected.