Article 23 - Appointment of Administrator by a Company or its Directors

(1) A 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.