171 Removal, etc (voluntary winding up)

Removal; vacation of office

171  Removal, etc (voluntary winding up)

(1)     This section applies with respect to the removal from office and vacation of office of the liquidator of a company which is being wound up voluntarily.

(2)     Subject to the next subsection, the liquidator may be removed from office only by an order of the court or—

(a)     in the case of a members' voluntary winding up, by a general meeting of the company summoned specially for that purpose, or

(b)     in the case of a creditors' voluntary winding up, by a [decision of the company's creditors made by a qualifying

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