ADVOKS GLOBAL · KENYA
Insolvency Act
445. Company's property to vest in liquidator
Edition: 2022-12-31 · In force
445. Company's property to vest in liquidator
(1)When a company is being liquidated by the Court, the Court may, on the application of the liquidator, by order direct all or any part of the property belonging to the company or held by trustees on its behalf to vest in the liquidator in that capacity.(2)On the making of such an order, the property to which the order relates vests in the liquidator.(3)After giving such indemnity (if any) as the Court may direct, the liquidator may begin or defend, or continue any legal proceedings that relate to that property or that it is necessary to begin or defend, or continue, for the purpose of effectively liquidating the company and recovering its property.