Removal or resignation of a liquidator

A court may remove a liquidator who does not properly perform their duties. Except in specific cases, a liquidator may resign at any time.

A court removes a liquidator who is not properly performing their tasks and appoints a new liquidator on the motion of a person who proves they have a legal interest in this matter. Only a court may remove a liquidator that it has appointed.

No one may be appointed a liquidator against their will. A liquidator may resign as a matter of principle. This does not apply if a member of a statutory body or a registered insolvency practitioner is appointed by the court, as persons in this position are not permitted to resign.

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