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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 255

Power of company to appoint and fix remuneration of liquidators.

255.(1) The company in general meeting shall appoint one or more liquidators
for the purpose of winding up the affairs and distributing the assets of
the company, and may fix the remuneration to be paid to him or them.

(2) On the appointment of a liquidator all the powers of the directors shall
cease, except so far as the company in general meeting or the liquidator
sanctions the continuance thereof.

© 1960 Crown Copyright

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