S.L. 234.42 Art. 129Powersofdirectors to cease. Summoning of meetings.

(1) When a company has been dissolved, until such time as a liquidator is appointed, the directors shall have the power to perform such acts only as are of ordinary administration.

(2) On the appointment of a liquidator all the powers of the directors shall cease without prejudice to the right of the directors to act in accordance with the provisions of this Sub-Part in so far as authorised by the memorandum and articles.

(3) After the appointment of a liquidator a general meeting or a meeting of the board of directors may be convened by the liquidator or liquidators in office, or, if the office is vacant, by any member of the company or any director of the company, in the manner provided by these regulations or by the articles.