Part 10 — Dissolution Division 1 Cancellation of Incorporation
281 Difference between supervision and winding-up by Court
supervision, the liquidator may, subject to any restrictions imposed
by the Court, exercise all the liquidator's powers, without the
sanction or intervention of the Court, in the same manner as if the
company were being wound up voluntarily.
(2) A winding-up subject to the supervision of the Court is not a
winding-up by the Court for the purpose of sections 240(1) to (3),
(5), (6) and (8), 238, 243 to 248 and 251 to 253, but, subject as
aforesaid, an order for a winding-up subject to supervision shall for
all purposes, including the staying of actions and other
proceedings, the making and enforcement of calls, and the exercise
of all other powers, be deemed to be an order for winding-up by the
Court.
RSA 2000 cC-21 s281;2020 c25 s2(121)