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srilawsby aturio
As enacted
Contents

Part XII

314. Appointment of two or more liquidators or provisional liquidators

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Two or more persons may be appointed as liquidators in any case where this Part provides for the appointment of a liquidator.

(2)

Where two or more persons are appointed as liquidators –

(a)

a liquidator’s functions and powers may be performed or exercised by any one of them, or by any two or more of them together, except so far as the resolution or order appointing them provides otherwise;

(b)

any liability of the persons as liquidators shall be joint and several; and

(c)

a reference in this Act to a liquidator refers to whichever one or more of the liquidators as the case requires.

Read on from s 315

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