Section 241AA — Companies Act 1993: Restriction on appointment of liquidator by shareholders or board after application filed for Court appointment

241AA Restriction on appointment of liquidator by shareholders or board after application filed for Court appointment (1) This section applies if an application has been filed for the appointment of a liquidator of a company by the Court under section 241(2)(c) . (2) A liquidator of the company may only be appointed under section 241(2)(a) or (b) if the liquidator is appointed within 10 working days after service on the company of the application. (3) If a liquidator is appointed under section 241(2)(a) or (b), the creditor who filed the application referred to in subsection (1) may apply to the Court under section 283(4) for the review of his or her appointment as if the words “ successor to a liquidator ” in section 283(4) read “ liquidator ” . (4) Subsection (2) does not apply once the application has been finally disposed of. Section 241AA: inserted, on 1 November 2007, by section 15 of the Companies Amendment Act 2006 (2006 No 56).