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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 266 

Fixing of liquidators' remuneration and cesser of directors' powers.

266.(1) The committee of inspection, or if there is no such committee, the
creditors, may fix the remuneration to be paid to the liquidator or
liquidators.

(2) On the appointment of a liquidator, all the powers of the directors shall
cease, except so far as the committee of inspection, or if there is no such
committee, the creditors, sanction the continuance thereof.

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© 1960 Crown Copyright

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