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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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