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