Declaration of distributable sum requires Tribunal sanction and prior filing of creditors' or partners' lists before any payments.

Liquidator may not declare a distributable sum to creditors or return assets to partners without the sanction of the Tribunal. Payments to creditors deemed distributable require filing a list of creditors and Tribunal sanction, and payments to partners require filing the final settlement or list of partners and Tribunal sanction prior to any distribution in a winding up by Tribunal.

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