Companies Act (Cap. 386)
Companies Act (Cap. 386), article 230
230. (1) The provisions of this article shall apply where a
company is being wound up by the court and separate meetings of
the company’s creditors and contributories are summoned for the
purpose of choosing a person to be liquidator of the company in
accordance with article 229.
(2) The creditors and the contributories at their respective
meetings may nominate a person to be liquidator. The nomination
by the creditors shall be made by resolution of the creditors, and
the nomination by the contributories shall be made by a resolution
of the contributories.
(3) The liquidator shall be the person nominated by the
creditors or, where no person has been so nominated, the person, if
any, nominated by the contributories.
(4) Where no person is nominated by either the creditors or the
contributories to act as liquidator, the official receiver may, at any
time, apply to the court for the appointment of a liquidator.
Meetings of
creditors and
contributories.
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