| Commentary

195 Property does not vest in liquidator

| Commentary

195 Property does not vest in liquidator

The property of a company in voluntary liquidation does not vest in the liquidator, and consequently, any conveyance or transfer of property by the liquidator must be made in the name of the company1, as the corporate state and powers of the company continue until it is dissolved2. This is not usually an impediment, because the powers of a liquidator are very wide3. If, for whatever reason, property belonging to the company is required to be vested in the liquidator, he may apply to the court for

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial