(1) If for any reason there is no liquidator acting in the case of a winding-up the Court may on the application of a shareholder creditor or other interested party appoint a liquidator or liquidators, and the Court may on due cause shown remove any liquidator and appoint another liquidator to act in a matter of a winding-up.
(2) A liquidator shall, upon his or her appointment in accordance with this Part and upon the commencement of a winding-up and dissolution, proceed—
(a) to identify all assets of the international business company;
(b) to identify all creditors of and claimants against the international business company;
(c) to pay or provide for the payment of, or to discharge, all claims, debts, liabilities and obligations of the international business company;
(d) to distribute any surplus assets of the international business company to the members in accordance of the actions and transactions of the liquidator;
(e) to prepare or cause to be prepared a statement of account in respect of the actions and transactions of the liquidator; and
(f) to send a copy of the statement of account to all members if so required by the plan of dissolution required by section 94.
(3) A transfer, including a prior transfer, described in subsection (2) of section 14 of all or substantially all of the assets of an international business company incorporated under this Act for the benefit of the creditors and members of the international business company, is sufficient to satisfy the requirements of subsection (1)(c) and (1)(d).