Liquidator duties: notify tax authority and preserve assets until tax liabilities are secured under assessment. A liquidator must notify the Assessing Officer of appointment; the Assessing Officer may notify an amount sufficient for the company's tax liability; the liquidator must set aside that amount and not part with assets except with authority or for permitted payments. Failure to comply makes the liquidator personally liable to the extent of the notified amount, with joint and several liability where multiple liquidators exist, and an exception for the Insolvency and Bankruptcy Code.