Corporations Act 2001
Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .
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Hide history noteThe company in general meeting must appoint a liquidator or liquidators for the purpose of winding up the affairs and distributing the property of the company.
Note: For rules about the liquidator ' s remuneration, see Division 60 of Part 3 of Schedule 2 . For rules about convening meetings, see Division 75 of Part 3 of Schedule 2 .
495(2)
If a vacancy occurs in the office of a liquidator (whether by death, resignation or otherwise), the company in general meeting may fill the vacancy by the appointment of a liquidator.
495(3)
A general meeting may be convened for the purposes of subsection (2) by any contributory or, if there were 2 or more liquidators, by the continuing liquidators.
495(4)
The meeting must be held in the manner provided by this Act or by the company ' s constitution or in such manner as is, on application by any contributory or by the continuing liquidators, determined by the Court.
[ CCH Note: Regulation 10.25.02(3)(h) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2[158] apply in relation to external administrations on and after 1 September 2017.]
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