Section 32 Appointment of liquidatorI1

For Article 86(1) (appointment of liquidator) substitute—

“(1)

The company may nominate a person to be liquidator at the company meeting at which the resolution for voluntary winding up is passed.

(1A)

The company’s creditors may in accordance with the rules nominate a person to be liquidator.

(1B)

The directors of the company must in accordance with the rules seek such a nomination from the company’s creditors.”.