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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 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 ...
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.
Image source: Getty Images. 1. Understand how the divorce will affect your current retirement assets. If you and your ex already have some retirement savings, you'll have to decide how to divide ...
Michele Weiner-Davis is a licensed clinical social worker, marriage and family therapist [1] and author in the field of family therapy.She is frequently quoted in the media and has been interviewed significantly on television news programs regarding divorce prevention. [2]
Greg Mathis, the former district court judge known for his syndicated reality show "Judge Mathis," is facing divorce after being married since 1985. (Richard Shotwell / Invision / Associated Press)
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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 ...