Article 7.10 Determination of outlays and remuneration: members' voluntary winding up
(1)
In a members' voluntary winding up, it is for the company in general meeting to determine the basis of remuneration.
(2)
Subject to paragraph (3), the basis of remuneration must be fixed—
(a)
as a percentage of the value of the company's assets which are realised by the liquidator;
(b)
by reference to the work which was reasonably undertaken by the liquidator and the liquidator's staff in attending to matters arising in the winding up; or
(c)
as a set amount.
(3)
The basis of remuneration may be fixed as any one or more of the bases set out in paragraph (2)(a) to (c) and different bases may be fixed in respect of different things done by the liquidator.