Rc.local service startup fails with status 203

Just flashed a new RPi 2 B device with UbuntuMATE 15.10.1 and am realising that the /etc/rc.local file does not get fired after any reboot :frowning:

When executing the command

sudo systemctl status rc.local

the following output is being produced:

● rc-local.service - /etc/rc.local Compatibility
   Loaded: loaded (/lib/systemd/system/rc-local.service; static; vendor preset: enabled)
  Drop-In: /lib/systemd/system/rc-local.service.d
           └─debian.conf
   Active: failed (Result: exit-code) since Sat 2016-01-23 23:11:33 CET; 13min ago
  Process: 409 ExecStart=/etc/rc.local start (code=exited, status=203/EXEC)

Jan 23 23:11:33 ubox systemd[1]: Starting /etc/rc.local Compatibility...
Jan 23 23:11:33 ubox systemd[1]: rc-local.service: Control process exited, code=exited status=203
Jan 23 23:11:33 ubox systemd[1]: Failed to start /etc/rc.local Compatibility.
Jan 23 23:11:33 ubox systemd[1]: rc-local.service: Unit entered failed state.
Jan 23 23:11:33 ubox systemd[1]: rc-local.service: Failed with result 'exit-code'.
Warning: rc-local.service changed on disk. Run 'systemctl daemon-reload' to reload units.

The only content I have put in the /etc/rc.local file are the commands from the discussion from UbuntuMATE 15.10 reset RTC chip date & time during bootup.

Does anybody encounter the same issue here?

I am encountering the same problem with a raspberry pi 3. I am researching the problem and will keep you posted. I am relatively new to this and am still learning.