Singapore legislation
Regulation 145
Regulation 145
Meetings of creditors and partners to consider resignation of liquidator
Subregulation 1
A liquidator who desires to resign his office shall summon separate meetings of the creditors and partners of the LLP to decide whether or not the resignation shall be accepted.
Subregulation 2
If the creditors and partners by resolutions both agree to accept the resignation of the liquidator, he shall file with the Registrar, the Official Receiver and the Registrar of Limited Liability Partnerships a memorandum of his resignation and the resignation shall thereupon take effect.
Subregulation 3
In any other case the liquidator shall report to the Court the result of the meetings and thereupon the Court may, upon the application of the liquidator, determine whether or not his resignation shall be accepted and may give such directions and make such orders as in its opinion shall be necessary.
Subregulation 4
On the Court pronouncing a determination that a resignation shall be accepted the liquidator shall immediately file a notice thereof with the Official Receiver and the Registrar of Limited Liability Partnerships.
Subregulation 5
The Court may dispense with all or any of the requirements of this rule.