During the first meeting of creditors subsequent to the appointment of the insolvency administrator the creditors may elect a different person as insolvency administrator. The different person is elected if, in addition to the majority specified in section 76 (2), the majority of the voting creditors has also voted for him or her. The court may refuse the appointment only of a person who is unqualified to assume such an office. Any insolvency creditor may bring an immediate appeal against a refusal of appointment.
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Part 2 · Opening of insolvency proceedings. Recognised assets and parties to proceedings › Division 3 · Insolvency administrator. Bodies representing creditors › Section 57
Election of different insolvency administrator
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