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What does the word “liquidator” found on the “Dissolution and Liquidation” form mean?

April 26, 2017form liquidator mean word

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What does the word “liquidator” found on the “Dissolution and Liquidation” form mean?

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A liquidator is someone appointed to liquidate the company’s assets and pay its creditors. Before filing the notice of closure, the liquidator pays the company is debts, reimburses contributions, and also distributes the assets among the shareholders (or transfers them, if applicable), according to the provisions of the Civil Code of Qubec.