Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up
147. Release of liquidators and dissolution of company
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liquidator
“liquidator” includes the Official Receiver when acting as the liquidator of a corporation;
has realised all the property of the company, or so much of the property of the company as can in the liquidator’s opinion be realised, without needlessly protracting the liquidation, and has distributed a final dividend (if any) to the creditors and adjusted the rights of the contributories among themselves and made a final return (if any) to the contributories; or
property
“property” includes —(a)money, goods, things in action, land and every description of property, wherever situated; and(b)obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to property;
has resigned or has been removed from office,the liquidator may apply to the Court —
for an order that the liquidator be released; or
for an order that the liquidator be released and that the company be dissolved.
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;