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Close Corporations Act, 1984 (Act No. 69 of 1984)

Part IX : Winding up

77. Resignation and absence of liquidator

 

(1) At the request of a liquidator the Master may relieve him of his office upon such conditions as the Master may think fit.

 

(2) A liquidator shall not be absent from the Republic for a period exceeding 60 days, unless—
(a) the Master has before his departure from the Republic granted him permission in writing to be absent; and
(b) he complies with such conditions as the Master may think fit to impose.

 

(3) Every liquidator who is relieved of his office by the Master, or who is permitted to absent himself for a period exceeding 60 days from the Republic, shall give notice thereof in the Gazette.