The courts may determine the method of liquidation and appoint the liquidators.

The courts may determine the method of liquidation and appoint the liquidators.

an extract of the deed specifying the terms and conditions of liquidation and liquidators' powers;

L-4 Last update: April 2007 R.S.Q., chapter L-4 Winding-up Act DIVISION I METHOD OF VOLUNTARY WINDING-UP Voluntary winding-up.

The court may either pronounce immediate closure of the liquidation or fix the procedure for the liquidation and appoint one or more liquidators.

The tribunal may order the immediate closing of the liquidation, determine a mode of liquidation and appoint one or more liquidators.

The tribunal may order the immediate closing of the liquidation, determine a mode of liquidation and appoint one or more liquidators.

Generally, the court will apply the rules governing liquidation in bankruptcy, but it may change these rules at a later stage.

The tribunal may order the immediate closing of the liquidation, determine a mode of liquidation and appoint one or more liquidators.

The tribunal may order the immediate closing of the liquidation, determine a mode of liquidation and appoint one or more liquidators.

Gone concern capital (total) helps ensure that policyholders and senior creditors can be paid when the insurer is in winding-up mode.

The liquidation method may be changed by a subsequent decision, either ex officio or at the request of the liquidator(s).

The destination to be given to the assets of the foundation and the method of liquidation of its patrimony in case of dissolution.

The use to be made of the Foundation's assets and the manner in which its estate is to be liquidated in the event of dissolution.

The destination to be given to the assets of the foundation and the method of liquidation of its patrimony in case of dissolution;