# Insolvency Act 1986, Section 91: Appointment of liquidator.


(1) In a members’ voluntary winding up, the company in general meeting shall appoint one or more liquidators for the purpose of winding up the company’s affairs and distributing its assets.
(2) On the appointment of a liquidator all the powers of the directors cease, except so far as the company in general meeting or the liquidator sanctions their continuance.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/91 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-91
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.