COMPANIES.
No. 58 of 1911.
2107
liquidation.
189. All costs, charges, and expenses properly incurred in the voluntary winding-up of a company, including the remuneration of the liquidator, shall be payable out of the assets of the company in priority to all other claims.
8 Edw. 7, c. 69, s. 196.
creditors and contributories.
190. The voluntary winding-up of a company shall not bar the right of any creditor or contributory to have it wound up by the court, if the court is of opinion, in the case of an application by a creditor, that the rights of the creditor or, in the case of an application by a contributory, that the rights of the contributories will be prejudiced by a voluntary winding-up.
8 Edw. 7, c. 69, s. 197.
court to adopt proceedings.
191. Where a company is being wound up voluntarily, and an order is made for winding-up by the court, the court may, if it thinks fit, by the same or any subsequent order provide for the adoption of all or any of the proceedings in the voluntary winding-up.
Winding-up subject to supervision of court.
8 Edw. 7, c. 69, s. 198.
192. Where a company has by special or extraordinary resolution resolved to wind up voluntarily, the court may make an order that the voluntary winding-up shall continue subject to the supervision of the court, and with such liberty for creditors, contributories, or others to apply to the court, and generally on such terms and conditions as the court thinks just.
8 Edw. 7, c. 69, s. 199.
193. A petition for the continuance of a voluntary winding-up subject to the supervision of the court shall, for the purpose of giving jurisdiction to the court over actions, be deemed to be a petition for winding-up by the court.
8 Edw. 7, c. 69, s. 200.
194. The court may, in deciding between a winding-up by the court and a winding-up subject to supervision, in the appointment of liquidators, and in all other matters relating to the winding-up subject to supervision, have regard to the wishes of the creditors or contributories as proved to it by any sufficient evidence.
8 Edw. 7, c. 69, s. 201.
195.(1) Where an order is made for a winding-up subject to supervision, the court may by the same or any subsequent order appoint any additional liquidator.