Costs of convening creditor or partner meetings: deposit may be required and repaid from LLP assets if directed.

A creditor or partner requesting the LLP liquidator to convene a meeting may be required to deposit a sum sufficient to cover meeting costs and related disbursements; the Member may similarly require a deposit on Tribunal applications. Deposits are repayable from LLP assets if the Tribunal or, in a voluntary winding up, creditors by resolution direct repayment. The rule prescribes graduated per person rates for computing the deposit and excludes meetings summoned by the Liquidator under the separate provision or meetings to fill a liquidator vacancy.

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