RTA · Business Corporations Act
Part 17 — Liquidation and Dissolution
218 Powers of the Court
dissolution of a corporation, the Court may make any order it
thinks fit including, without limiting the generality of the
foregoing, any one or more of the following:
(a) an order to liquidate;
(b) an order appointing a liqui dator, with or without security,
fixing a liquidator's remuneration or replacing a liquidator;
RSA 2000
(c) an order appointing inspect ors or referees, specifying their
powers, fixing their remuneration or replacing inspectors or
referees;
(d) an order determining the notice to be given to any interes ted
person, or dispensing with notice to any person;
(e) an order determining the va lidity of any claims made against
the corporation;
(f) an order at any stage of t he proceedings, restraining the
directors and officers from
(i) exercising any of their powers, or
(ii) collecting or receiving any debt or other property of the
corporation, or from paying out or transferring any
property of the corporation, except as permitted by the
Court;
(g) an order determining and enforcing the duty or liability of
any director, officer or shareholder
(i) to the corporation, or
(ii) for an obligation of the corporation;
(h) an order approving the paym ent, satisfaction or compromise
of claims against the corporation and the retention of assets
for that purpose, and determining the adequacy of
provisions for the payment or discharge of obligations of the
corporation, whether liquidated, unliquidated, future or
contingent;
(i) an order disposing of or destroying the documents and
records of the corporation;
(j) on the application of a creditor, the inspectors or the
liquidator, an order giving directions on any matter arising
in the liquidation;
(k) after notice has been given to all interested parties, an order
relieving a liquidator from any omission or default on any
terms the Court thinks fit or confirming any act of the
liquidator;
(l) subject to section 224, an order approving any proposed
interim or final distribution to shareholders in money or in
property;
RSA 2000
(m) an order disposing of any property belonging to creditors or
shareholders who cannot be found;
(n) on the application of any director, officer, security holder,
creditor or the liquidator,
(i) an order staying the liquidation on any terms and
conditions the Court thinks fit,
(ii) an order continuing or discontinuing the liquidation
proceedings, or
(iii) an order to the liquidator to restore to the corporation all
its remaining property;
(o) after the liquidator has rendered the liquidator's final
account to the Court, an order dissolving the corporation.
1981 cB-15 s210