530
In forceAppointment of 2 or more liquidators of a company
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.6Winding up generally
Division 3Liquidators
530 Appointment of 2 or more liquidators of a company
If 2 or more persons have been appointed as liquidators of a company:
(a)
a function or power of a liquidator of the company may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or resolution appointing them otherwise provides; and
(b)
a reference in this Act to a liquidator, or to the liquidator, of a company is, in the case of the first‑mentioned company, a reference to whichever one or more of those liquidators the case requires.
This Act’s bill:Explanatory memorandumSecond reading speech
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