58 Administration of Corporation Appointment of administrator
unit may apply to the Court for appointment of an administrator.
(2) The Court may, on cause shown, appoint an administrator for
an indefinite period or for a fixed period on any terms and
conditions as to remuneration or otherwise that it thinks fit.
(3) The remuneration and expenses of an administrator appointed
under this section are administrative expenses within the meaning
of this Act.
(4) An administrator has, to the exclusion of the board and the
corporation, those powers and duties of the corporation that the
Court orders.
(5) An administrator may delegate any of the powers or duties so
vested in the administrator.
(6) The Court may, on the application of an administrator or a
person referred to in subsection (1), remove or replace the
administrator.
RSA 2000 cC-22 s58;2008 c43 s2
RSA 2000