Companies Act (Cap. 386)

Companies Act (Cap. 386), article 271

Official PDF on legislation.mt

271. (1) If a vacancy occurs by d eath, resignation or removal in the office of liquidator appointed by the company, the compa ny shall by extraordi nary resolution fill the vacancy. (2) For the purposes of sub-article (1), a general meeting shall be convened by any member, contributory or, if there were more than one liquidator, by the continuing liquidator or liquidators and notice of the meeting shall be given within fourteen days of th e occurrence of the vacancy refer red to in sub-article (1). (3) The general meeting shall be held in the manner provided by this Act or by the memorandum and articles, or in such manne r as may, on the application of any member, contributory or by th e continuing liquidator, be determined by the court. (4) If for any cause whatsoever a liquidator is not appointed in the manner specified by sub-ar ticle (1), or if a vacancy occurs in the office of a liquidator appointed by the Court, any member, contributory or the continuing liquidator or liquidators may, a t any time thereafter, apply to the co urt for the appointment of a liquidator, and the appointment shall be made by the court. Duty of liquidator in case of insolvency.

Have a question about the law?

The assistant answers from the same library and names the article it relies on.

Ask Margos AI →

Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.