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In most jurisdictions, a liquidator's powers are defined by statute. [3] Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by the court, by an extraordinary resolution (in a members' voluntary winding up) or the liquidation committee or a meeting of the company's creditors .In the United Kingdom, see sections 165-168 of the ...
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
In 1961, California Assemblyman John A. Busterud proposed to expand the power of the Commission to require its approval for the Governor to appoint judges, [4] which was endorsed by Caspar Weinberger. [5] A bill to that effect was introduced in 1963. [6] The Commission has been criticized by various groups since shortly after its creation. [7]
California uses a modified Missouri Plan (merit plan) method of appointing judges, in which the Governor's office conducts an investigation of applicants in order to submit a list of potential applicants to the Judicial Nominees Evaluation Commission for a formal vetting process that is not made public. A detailed report is submitted to the ...
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The court may appoint an official receiver, and one or more liquidators, and has general powers to enable rights and liabilities of claimants and contributories to be settled. Separate meetings of creditors and contributories may decide to nominate a person for the appointment of a liquidator and possibly of a supervisory liquidation committee.
After receiving a resolution of confirmation, the president may then sign and deliver a commission officially appointing the nominee to the Court. The appointee then must take two oaths before executing the duties of the office: the constitutional oath , which is used for every federal and state officeholder below the president, and the ...
Liquidator (law), the officer who collects the assets of and settles the claims against a company before dissolving it; Estate liquidator, the person given the job of personal estate liquidation; Computer liquidator, a purchaser and reseller of computer technology and related equipment