(1) Where an application is made under Chapter 1 or 2, the general partner of the migrating partnership or the exiting partnership, as the case may be, who makes the application shall make a statutory declaration, in such form as may be specified by the Bank, stating that he or she has made a full inquiry into that partnership's affairs and has formed the opinion that themigrating partnership or exiting partnership, as appropriate, is able to pay its debts as they fall due.

(2) A declaration under subsection (1) shall have no effect for the purposes of this Chapter unless -

(a) it is made not more than 28 days before the date on which the application is made to the Bank,

(b) it contains a statement of the migrating partnership's or exiting partnership's assets and liabilities as at the latest practicable date before the date of the making of the declaration and in any event at a date not more than 3 months before the date of that making, and

(c) a report made by an independent person under subsection (3) is attached to the declaration, along with a statement by the independent person that he or she has given and has not withdrawn consent to the making of the declaration with the report attached to it.