267. Provisional liquidator

Question 1

267. Provisional liquidator

Answer 1

General overview
[267.01] In the interim period between the making of the winding up application and the making of the winding up order, the court may direct that the official receiver or an approved liquidator be made the provisional liquidator who will exercise all the functions and powers of the liquidator, subject to any limitations and restrictions as the court may impose in the order appointing him.