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Article NO. Content

Title:

Company Act  CH

Amended Date: 2018.08.01 
Article 84     The duties of a liquidator are as follows:
  1. To wind up all pending business;
  2. To collect all outstanding debts and to pay off all claims;
  3. To allocate surplus or loss; and
  4. To allocate the residual assets.
    The liquidator in performing the aforesaid duties shall have the power to act on behalf of the company in all litigation matters; however, the transfer of the business including assets and liabilities to others shall be effected only if all shareholders so concur.