The committee in this meeting discussed its future meeting with the Law Commission. The main issue discussed in the meeting was receivership. The committee proposed that the duty of receivers should extend to include a duty to all the parties involved. It discussed how practical this proposal was.

The rules of disqualification were discussed. There were also some brief discussions about meetings of credits. On the question of whether a receiver should become a liquidator, the committee said that while it is beneficial, a receiver should only be a joint liquidator.

Meeting 4 - 18-5-77