345. Official Receiver to act as representative of defunct company in certain events Flashcards
1
Q
- Official Receiver to act as representative of defunct company in certain events
A
General overview
[345.01] This section empowers an official receiver (or if the official receiver so directs, the liquidator) to act as representative of a dissolved company when it is shown to his satisfaction that (a) if the company is still existing, it would be legally or equitably bound to carry out, complete or give effect to some dealing, transaction or matter; and (b) in order to carry out, complete or give effect thereto some purely administrative act, which is mandatory and should have been done by or on behalf of the company if it is still existing.
