Mike, who appoints liquidator in a members voluntary liquidation and creditors?
Kaplan in an mcq says members appoint in cred liquidation. Which I believe is wrong. It’s members who NOMINATE but need approval of creditors. So answer should be creditors
Ask the Tutor ACCA LW
Cred or members vol liquidations
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3y ago#2I agree with you although it's really a matter of semantics.
According to me (as if that counts for anything!) the members nominate, the creditors approve - or disapprove.
In either situation, it's the final word of the creditors that carries the vote.
NB I've just checked with AI and we're right. Members nominate, creditors appoint
OK?
Oh Thankyou?
3y ago#4You're welcome
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