Section 221: Creditors to consider appointment of replacement administrator

221. Creditors to consider appointment of replacement administrator (1) A replacement administrator, unless appointed by the Court, shall convene a meeting of the creditors at which the creditors may vote to remove the replacement administrator and appoint another person in his place. (2) The meeting shall be held not more than 7 days after the date on which the replacement administrator is appointed. (3) The replacement administrator shall convene the meeting by— (a) giving written notice of the meeting to as many of the company’s creditors as reasonably practicable; and (b) publishing a notice of the meeting in a daily newspaper. (4) The replacement administrator shall take the steps set out in subsection (3) not less than 2 working days before the meeting. Section C – Effect of appointment