Liquidator insolvency results in vacating the office and deemed removal under LLP winding-up rules procedure. An LLP liquidator adjudicated insolvent vacates the office by operation of the winding-up rules and is deemed removed for purposes of the Act and related ... Summary
Liquidator insolvency results in vacating the office and deemed removal under LLP winding-up rules procedure.
An LLP liquidator adjudicated insolvent vacates the office by operation of the winding-up rules and is deemed removed for purposes of the Act and related rules, effectuating automatic cessation of the liquidator's authority upon the adjudication of insolvency.
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