Section 270 — Companies Act 1993: Liquidator may be required to elect whether to disclaim onerous property

270 Liquidator may be required to elect whether to disclaim onerous property If a person whose rights would be affected by the disclaimer of onerous property gives a liquidator notice in writing requiring the liquidator to elect, before the close of such date as is stated in the notice, not being a date that is less than 20 working days after the date on which the notice is received by the liquidator, whether to disclaim the onerous property, the liquidator is not entitled to disclaim the onerous property unless he or she does so before the close of that date.