Commercial Companies Law

Commercial Companies Law — Article 45

The removal of the liquidator shall be effected either by agreement of the partners, or a resolution of the extraordinary general meeting if he/she was appointed by them, or under an order on a petition by the president of the court that passed the judgement of liquidation which includes the appointment of the liquidator. The agreement, resolution or order, as the case may be, must include the appointment of a substitute for the liquidator who has been removed.

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