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14. Expenses of requisitioned meetings

(1) The convener must, not later than twenty-one (21) days of receipt of a request for a requisitioned meeting, inform the requesting creditor or contributory of the sum to be deposited as security for payment of the expenses of summoning and holding the meeting.
(2) The convener is not obliged to summon a requisitioned meeting until either —
(a) the convener has received the required sum; or
(b) the period of twenty-one (21) days has expired without the convener having informed the requesting creditor or contributory of the sum required to be deposited as security.
(3) The expenses of a requisitioned meeting must be paid out of the deposit (if any) unless —
(a) the meeting resolves that they are to be payable out of the assets of the Company as an expense of the administration or winding-up, as the case may be; and
(b) in the case of a meeting of contributories, the creditors are first paid in full, with interest.
(4) Where the meeting does not so resolve, the expenses must be paid by the requesting creditor or contributory to the extent that the deposit (if any) is not sufficient.
(5) To the extent that the deposit (if any) is not required for payment of the expenses, it must be repaid to the requesting creditor or contributory.