Distributable sum notice: prescribed payment procedure and receipt/authority forms for LLP liquidation distributions. Prescribes the form and procedural content for a distributable sum notice in LLP liquidation, declaring a distributable sum, specifying payee, payment location and limited payment period, requiring the notice to be produced for collection, and providing enclosed Receipt and an Authority for Delivery for use when the payee does not attend personally, with the latter limited to delivery of the payment instrument and not replacing the formal authority to pay another person.
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Distributable sum notice: prescribed payment procedure and receipt/authority forms for LLP liquidation distributions.
Prescribes the form and procedural content for a distributable sum notice in LLP liquidation, declaring a distributable sum, specifying payee, payment location and limited payment period, requiring the notice to be produced for collection, and providing enclosed Receipt and an Authority for Delivery for use when the payee does not attend personally, with the latter limited to delivery of the payment instrument and not replacing the formal authority to pay another person.
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