[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> COMPANIES ACT (NORTHERN IRELAND) 1960

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 273

Powers and duties of liquidator in voluntary winding up.

273.(1) The liquidator may

(a)in the case of a members' voluntary winding up, with the sanction of an
extraordinary resolution of the company, and, in the case of a creditors'
voluntary winding up, with the sanction of the court or the committee of
inspection or (if there is no such committee) a meeting of the creditors,
exercise any of the powers given by paragraphs (c), (d) and (e) of sub-section
(1) of section two hundred and twenty-seven to a liquidator in a winding up by
the court;

(b)without sanction, exercise any of the other powers by this Act given to
the liquidator in a winding up by the court;

(c)exercise the power of the court under this Act of settling a list of
contributories, and the list of contributories shall be prima facie evidence
of the liability of the persons named therein to be contributories;

(d)exercise the power of the court of making calls;

(e)summon general meetings of the company for the purpose of obtaining the
sanction of the company by special or extraordinary resolution or for any
other purpose he may think fit.

(2) The liquidator shall pay the debts of the company and shall adjust the
rights of the contributories among themselves.

(3) When several liquidators are appointed, any power given by this Act may be
exercised by such one or more of them as may be determined at the time of
their appointment, or, in default of such determination, by any number not
less than two.

© 1960 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/cai1960267/s273.html