Law library · Sierra Leone · The Companies Act, 2009
Section 388, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) Where in proceedings the official receiver becomesthe liquidator of a company, whether provisionally or otherwise, he
may, if satisfied that the nature of the estate or business of the
company, or the interests of the creditors or contributories generally,
require the appointment of a special manager of the estate or business
of the company other than himself, apply to the court for an order to
that effect.
(2) The court may, on the application, appoint a special
manager of the company’s estate or business to act during such time
as the court may direct, with such powers, including any of the powers
of a receiver or manager, as may be entrusted to him by the court.
(3) The special manager shall give such security and
account in such manner as the court shall direct.
(4) The special manager shall receive such remuneration
as may be fixed by the court.
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