Section 40 Choice of liquidator at meetings of creditors and contributoriesI1

Article 118 (choice of liquidator at meetings of creditors and contributories) is amended as follows.

In paragraph (1), for “separate meetings of the company’s creditors and contributories are summoned” substitute “nominations are sought from the company’s creditors and contributories”.

In paragraph (2), for “at their respective meetings may” substitute “may in accordance with the rules”.

In the heading, for “at meetings of” substitute “by”.