Companies Act 2014
CHAPTER 8 Liquidators | ||
Duty of liquidator to administer, distribute, etc., property of company | ||
624. (1) Subject to subsection (3), it shall be the duty of a liquidator to administer the property of the company to which he or she is appointed. | ||
(2) For the purpose of subsection (1) “administer the property of the company” includes ascertaining the extent of the property of the company and, as appropriate: | ||
(a) the collection and gathering in of the company's property; | ||
(b) the realisation of such property; and | ||
(c) the distribution of such property; | ||
in accordance with law. | ||
(3) Subject to section 559 (3) to (5), the duties of a provisional liquidator shall be those duties provided in the order appointing him or her or any subsequent order of the court. |