Under a Court Ordered Winding Up, a Liquidator Does Not

question 12

Multiple Choice

Under a court ordered winding up, a liquidator does not have the power to:

• A) enter into legal proceedings on behalf of the company.
• B) dispose of the property of the company.
• C) use any legal methods to obtain money from a debtor.
• D) pay the company's shareholders before paying the creditors.

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