Section 446
Power to fill vacancy in office of liquidator
ActIn forceProvision 446 of 621
Section 446
(1)
If a vacancy occurs by death, resignation, removal or otherwise in the office of a liquidator appointed by the company, the company in a meeting of members may fill the vacancy, subject to any arrangement with its creditors.
(2)
For the purposes of subsection (1), a meeting may be convened by any contributory or, if there is more than one liquidator, by the continuing liquidators.
(3)
The meeting shall be held in a manner provided by this Act or by the constitution, or in such manner as may be determined by the
Court, on application by any contributory or by the continuing liquidators.