Versions

 

22. Adjournment of meetings to remove a liquidator

If the chairman of a meeting to remove the liquidator in a creditors' voluntary winding-up or a compulsory winding-up is the liquidator or the liquidator's nominee and a resolution has been proposed for the liquidator's removal, the chairman must not adjourn the meeting without the consent of at least one-half (in value) of the creditors attending and entitled to vote.