Article 23 - Appointment of Administrator by a Company or its Directors
Company, by Ordinary Resolution, may appoint an Administrator.
(2) The directors of a
Company may appoint an Administrator.
(3) However, an
Administrator may not be appointed under (1) or (2) if:
(A) a petition for the winding up of the
Company has been presented and is not yet disposed of; or
(B) an application for an
Administration Order has been made and is not yet disposed of.