2094
No. 58 of 1911.
Power to appoint special manager. S Edw. 7.
COMPANIES.
creditors or contributories, as the case may be, his office shall thereupon become vacant.
(6) Any member of the committee may be removed by an ordinary resolution at a meeting of creditors (if he represents creditors), or of contributories (if he represents contributories), of which seven days' notice has been given, stating the object of the meeting.
(7) On a vacancy occurring in the committee, the liquidator shall forthwith summon a meeting of creditors or of contributories, as the case may require, to fill the vacancy, and the meeting may, by resolution, re-appoint the same or appoint another creditor or contributory to fill the vacancy.
(8) The continuing members of the committee, if not less than two, may act notwithstanding any vacancy in the committee.
(9) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the court on the application of the liquidator.
156.-(1) Where the Official Receiver becomes the liquidator of a company, whether provisionally or otherwise, he may, if satisfied that the nature of the estate or business of the company, or the interests of the creditors or contributories generally, require the appointment of a special manager of the estate or business of the company other than himself, apply to the court to, and the court may on such application, appoint a special manager thereof to act during such time as the court may direct, with such powers, including any of the powers of a receiver or manager, as may be entrusted to him by the court.
Receiver for debenture holders or creditors.
(2) The special manager shall give such security and account in such manner as the Official Receiver directs.
(3) The special manager shall receive such remuneration as may be fixed by the court.
157. Where an application is made to the court to appoint a receiver on behalf of the debenture holders or other creditors of a company which is being wound up by the court, the Official Receiver may be so appointed.
c. 69, s. 162.
Edw. 7, c. 69, s. 162. [cf. s. 196(2).]
2094
No. 58 of 1911.
Power to appoint special manager. S Edw. 7.
COMPANIES.
creditors or contributories, as the case may be, his office shall thereupon become vacant.
(6) Any member of the committee may be removed by an ordinary resolution at a meeting of creditors (if he represents creditors), or of contributories (if he represents tributories), of which seven days notice has been given, stating the object of the meeting.
(01-
(7) On a vacancy occurring in the committee, the liquidator shall forthwith summon a meeting of creditors or of contributories, as the case may require, to fill the vacancy, and the meeting may, by resolution, re-appoint the same or appoint another creditor or contributory to fill the vacancy.
(8) The continuing members of the committee, if not less than two, may act notwithstanding any vacancy in the com- mittee.
(9) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the court on the application of the liquidator.
156.-(1) Where the Official Receiver becomes the liquidator of a company, whether provisionally or otherwise, he may, if satisfied that the nature of the estate or business c. 69, s. 161. of the company, or the interests of the creditors or con- [cf. s. 196 (2).] tributories generally, require the appointment of a special manager of the estate or business of the company other than himself, apply to the court to, and the court may on such application, appoint a special manager thereof to act during such time as the court may direct, with such powers, includ- ing any of the powers of a receiver or manager, as may be entrusted to him by the court.
Receiver for debenture
holders or
(2) The special manager shall give such security and account in such manner as the Official Receiver directs.
(3) The special manager shall receive such remuneration as may be fixed by the court.
157. Where an application is made to the court to appoint a receiver on behalf of the debenture holders or other creditors of a company which is being wound up by the court, 8.162. the Official Receiver may be so appointed.
creditors.
Edw. 7,
c. 69, s. [ef. s. 196(2).]
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