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Companies and Allied Matters Act 2020 · Part B · Chapter 23

Section 652 Power of Court to appoint and remove liquidators

(1)
Where an order is made for a winding-up subject to supervision, the Court may, by the same or any subsequent order, appoint an additional liquidator.
(2)
A liquidator appointed by the Court under this section shall have the same powers, be subject to the same obligations, and in all respects stand in the same position, as if he had been duly appointed in accordance with the provisions of this Act with respect to the appointment of liquidators in a voluntary winding-up.
(3)
The Court may remove any liquidator so appointed by the Court or any liquidator continued under the supervision order, and may fill any vacancy occasioned by the removal, or by death or resignation.
Cite as: Companies and Allied Matters Act 2020, section 652

What this section means

From the guide: Voluntary winding up under CAMA 2020: members’ and creditors’ winding up

Sections 620 to 653 explain when a company can wind itself up, the declaration of solvency, and how members’ and creditors’ winding up differ.

Read the whole subject

Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.