Companies Act (Cap. 386), article 44

44. (1) The liquidator shall represent the partnership and shall have power to perform all acts conducive and ancillary to the winding up of the affairs of the partnership: Provided that he shall not refer any matter to arbitration or make any compromise unless so authorised in writing by the partners. (2) The liquidator shall not unde rtake any new transaction. (3) Where more than one liquidator is appointed, they shall act jointly and shall be jointly and severally liable for their act s, unless the partners have ot herwise provided. Liquidator not to distribute assets before paying debts.