In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Insolvency Act · 2022 Revised Edition · Chapter III
Insolvency Act · 2022 Revised Edition · Chapter III
Official textFrom Attorney General's Chambers, unchanged
In a members’ voluntary winding up, the company in general meeting shall appoint one or more liquidators for the purpose of winding up the affairs of the company and distributing its assets.
company
“company” means a company incorporated or registered under the Companies Act;
On the appointment of a liquidator, all the powers of the directors cease, except so far as the company in general meeting or the liquidator sanctions their continuance.
company
“company” means a company incorporated or registered under the Companies Act;
Part