Versions

 

41. Administration and winding-up: non-payment of dividend

In an administration or winding-up, no action lies against the Office-holder for a dividend; but if the Office-holder refuses to pay a dividend the Court may, if it thinks just, order the Officeholder to pay it and also to pay, out of the Office-holder's own money —

(a) interest on the dividend, at the official interest rate, from the time when it was withheld; and
(b) the costs of the proceedings in which the order to pay is made.