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AI Summary of 573. Appointment of provisional liquidator

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2024 - onwards
Version 3 of 3

573. Appointment of provisional liquidator

(1) The court may appoint a liquidator provisionally at any time after the presentation of a winding-up petition and before the first appointment of a liquidator.

(2) Where a provisional liquidator is appointed under subsection (1), the court shall direct that, as soon as reasonably practicable and in any case within such period as may be specified by the court, the provisional liquidator shall inform each relevant person -

(a) of his or her appointment as provisional liquidator and the date of his or her appointment,

(b) of the process under this Part in so far as it relates to the employees,

(c) that a relevant person may provide the provisional liquidator with information about matters they consider to be relevant, and

(d) of any other matter the provisional liquidator considers relevant.