Liquidator’s duties on vacating office
This section has no associated Explanatory Memorandum
5.13. A liquidator who ceases to be in office as a result of removal, resignation or ceasing to be qualified to act as an insolvency practitioner in relation to the company, must as soon as reasonably practicable deliver to the succeeding liquidator—
(a)the assets (after deduction of any expenses properly incurred, and distributions made, by the former liquidator);
(b)the records of the winding up, including correspondence, proofs and other documents relating to the winding up; and
(c)the company’s documents and other records.