926 
Liquidator—continued 
destruction of company’s books may be decided on, 268 
duty at, 268 
must summon at end of each year, 2535 
notice of, to be advertised in Gazette, 267 
property of company, decides as to, 268 
resolutions at, 268 
return to registrar of holding, 268 
gifts, etc., from solicitor, auctioneer, etc., may not accept, 237 
joint liquidators, powers of, 237 
leasehold property, taking possession in case of, 243 
may disclaim, 243 
letters of administration, power to take out, 240 
liability of, 264 
how differs from a trustee, 264 
in carrying on company’s business, 264 
solicitor, employment of, 264 
liquidation account, 256 
investment of funds, 256 
lists of contributories, 252 
capital not fully paid, if, 253 
date for settling, 252 
evidence of liability when settled, 253 
two lists, 253 
meeting, power to call general, 240, 255 
creditors, of, in creditors’ voluntary winding-up, 256 
desirable, when, 2535 
direction by Court, 256 
notices in writing, 255 
when may be necessary, 255 
year, must be summoned every, 255 
memorandum and articles, provision for surplus assets, 263 
misconduct of, 239, 240, 264 
misfeasance proceeding against, 239, 240 
misfeasance proceedings, may institute, 240, 247 
object of, 247 
mortgage on company’s property, how affects liquidator, 242 
negligence of, 239, 264 
office of, vacancies in, 234, 235, 266 
Court may fill up, 266 
creditors may fill up in case of creditors’ voluntary winding-up, 
235 
general meeting may fill up, in case of member's voluntary 
winding-up, 234 
official receiver as provisional, 228 
statement of affairs to, 229 
report by, in compulsory winding-up, 229 
not in voluntary winding-up, 235 
onerous property, disclaimer of, 243 
leave of Court necessary for, 243 
notice of to be given, 243 
order of payment off, 258-263 
paid-up capital paid off first, 262 
payment of debts, priority of, 258 ef seq. 
Crown has no priority, 259 
periodical statements to be sent to registrar, 245, 256 
personal liability of, 264 
position of, 239 
INDEX