# Insolvency (Amendment) Act (Northern Ireland) 2026, Section 45: Liquidator’s powers and duties in creditors’ voluntary winding up

Extent: N.I.
Status: prospective

(1) Article 141 (liquidator’s powers and duties in creditors’ voluntary winding up) is amended as follows.
(2) In paragraph (2), for the words from “during” to the end substitute “before—
“(a) the company’s creditors nominate a person under Article 86 to be liquidator, or
(b) the procedure by which the company’s creditors were to have made such a nomination concludes without a nomination having been made.”.
(3) Omit paragraph (4).
(4) In paragraph (5), for the words from the beginning to the end of sub-paragraph (b) substitute
“If the directors fail to comply with—
(a) Article 85(1) or (2), or
(b) Article 86(1B),”.

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Source: https://www.legislation.gov.uk/nia/2026/6/section/45 (the official version)
Page: https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/section-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.