372. Distribution of property in specie.

372.     Distribution of property in specie.

Where there has been a distribution of property in specie to creditors1, the trustee must comply with the following requirements in respect of any account or report which the trustee is required to prepare2.

The trustee must:


    (1)     state the estimated value of the property distributed among the creditors during the period to which the account or report relates; and


    (2)     provide details of the basis of the valuation in a note to the account or report3.