177Winding up of corporations

#### 177 Winding up of corporations 177 Winding up of corporations > > (1) The Minister may, by order published in the Gazette, order that a corporation be wound up if— > > > > > (a) requested to do so by the corporation, after a resolution to wind up the corporation was passed at a meeting of the corporation by not less than 75% of the members, or > > > > > (b) the administrator of the corporation has recommended that the corporation be wound up. > > > (2) The order must appoint a person as the liquidator of the corporation. > > > (3) The regulations may make provision for or with respect to the winding up of a corporation and for the disposal of residual assets of the corporation. > > > (4) The Minister may, by order published in the Gazette, abolish a corporation if satisfied that the winding up of the corporation under this section has been completed. > > **s 177:** Subst 2010 No 133, Sch 2\[54\].