(1) Where 2 or more liquidators are appointed, all the provisions in this section with respect to a liquidator apply to all of the liquidators.
(2) On the appointment of a liquidator under this Part, all the powers of the directors cease and such powers of the directors as are required for an orderly liquidation shall vest in the liquidator.
(3) A liquidator may delegate any of the powers vested in him or her under subsection (2) to the directors or members.
(4) Where the members of a society appoint a liquidator, they may, at that time or at a subsequent general meeting, pass a resolution giving direction to the liquidator with respect to the disposal of the property of the society.
(5) Where—
(a) the members appoint a liquidator and do not issue directions under subsection (4); or
(b) a liquidator is not appointed by the members,
the liquidator is subject to the directions, orders and instructions of the Registrar with respect to the mode and terms and conditions on which he or she may dispose of the whole or any part of the property of the society.
(6) Where a vacancy in the office of liquidator occurs, the Registrar may appoint another person to fill the vacancy.
(7) In all proceedings connected with the society, the liquidator is to be described as the liquidator of the society and not by his or her individual name only.