291. Provisional liquidator Flashcards
1
Q
- Provisional liquidator
Commencement of voluntary winding up
A
General overview
[291.01] Section 291 deals with when voluntary winding up commences and also provides for the appointment of a provisional liquidator. When the directors have filed and lodged a declaration that in their opinion, the company is unable to carry on business by reason of its liabilities, and as such appoint a provisional liquidator, a creditors’ voluntary winding up has commenced.
