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of official liquidator.
General Orders, 1862, r. 8.
Advertisement as to appointment. Ib. r. 9.
Security of
No. 1.] THE ORDINANCES OF HONGKONG : [A.D. 1865.
without previous advertisement or notice to any party, or fix a time and place for the appointment of an official liquidator, and may appoint or reject any person nominated at such time and place and appoint any person not so nominated.
10. When a time and place are fixed for the appointment of an official liquidator, such time and place shall be advertised in such manner as the Judge may direct, so that the first or only advertisement shall be published within fourteen days and not less than seven days before the date so fixed.
11. Every official liquidator shall give security by entering into a recognizance with two or more sufficient sureties in such sum as the Judge may approve; and the Judge may, if he thinks fit, accept the security of any guarantee society established by charter or Act of Parliament in England or local Ordinance in lieu of the security of such sureties as aforesaid or of any of them.
dator. Ib. r. 10.
Order of
12.—(1.) The official liquidator shall be appointed by order, and, unless he has given security, a time shall be fixed by the order within which he is to do so.
(2.) The order shall fix the times or periods at which the official liquidator is to leave his accounts of his receipts with the Registrar, and shall direct that all moneys to be received shall be paid into Court or into such bank as the Court may direct, immediately after the receipt thereof, to the account of the official liquidator of the company.
(3.) If such moneys are to be paid into a bank, an account shall be opened there accordingly, and an office copy of the order shall be lodged at such bank.
13. When an official liquidator has given security pursuant to the directions in the order appointing him, the same shall be certified by the Registrar as in the case of a receiver appointed in a suit subject to giving security.
14. The official liquidator shall, on each occasion of passing his accounts and also when the Judge so requires, satisfy the Judge that his sureties are living and resident in the Colony and have not been adjudged bankrupt or become insolvent, and, in default thereof, he may be required to enter into fresh security within such time as may be directed.
15. Every appointment of an official liquidator shall be advertised in such manner as the Judge may direct, immediately after he has been appointed and has given security.
16. Where it is desired to appoint provisionally an official liquidator, an application for that purpose may, at any time after the presentation of the petition for winding up the company, be made by summons, without advertisement or notice to any person, unless the Judge otherwise directs, and such provisional official liquidator may, if the Judge thinks fit, be appointed without security.
17. In case of the death, removal, or resignation of an official liquidator, another shall be appointed in his room, in the same manner as directed in the