(1) A petition presented under section 142 -
(a) shall nominate a person to be appointed as examiner;
(b) subject to section 146, shall be accompanied by a report under section 145, prepared by a person (in this Part referred to as "the independent accountant") who is either the auditor of the credit union concerned or a person who is qualified to be an auditor of a credit union; and
(c) shall be accompanied by a consent signed by the person nominated to be examiner.
(2) The Court shall not give a hearing to a petition under section 142 which is presented by a contingent or prospective creditor until such security for costs has been given as the Court considers reasonable.
(3) The Court shall not give a hearing to a petition under section 142 if a receiver stands appointed to the credit union the subject of the petition and that receiver has stood so appointed for a continuous period of at least three days prior to the presentation of the petition, excluding a Saturday, Sunday or publi
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