Full legislation
s.168
Expenses of sales
Where property forming part of a company’s assets is sold by the liquidator through
an auctioneer or other agent, the gross proceeds of the sale shall be paid over by such
auctioneer or agent, and the charges and expenses connected with the sale shall
afterwards be paid to such auctioneer or agent, on the production of the necessary
certificate of the taxing officer. Every liquidator by whom such auctioneer or agent is
employed, shall, unless the court otherwise orders, be accountable for the proceeds of
every such sale.