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As enacted
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Contents

Part XII

301. Appointment of liquidator at outcome meeting

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

In the case of the appointment by the creditors, by resolution at an outcome meeting, of a liquidator under paragraph (b) of subsection (2) of section 214, the Official

Receiver shall be the liquidator where –

(a)

the resolution does not specify a person for appointment; or

(b)

the appointment of the person specified for appointment in the resolution would be in contravention of section 312.

(2)

Where the creditors by resolution at an outcome meeting appoint a liquidator under paragraph (b) of subsection (2) of section 214 the person who was the administrator at the end of the administration shall –

(a)

confirm at the meeting whether or not subsection (1) applies; and

(b)

if subsection (1) applies, forthwith give notice of that fact to the Official Receiver, in such manner as may be prescribed.

Read on from s 302

Part XIII

Read on from Part XIII

Part XIV

Cross - Border Insolvency

Read on from Part XIV

Part XV

Read on from Part XV

Part XVI

Read on from Part XVI

Part XVII

Read on from Part XVII

Schedules