When a company is being closed down, someone called a liquidator helps with this process. The liquidator needs to be paid for their work and may have other expenses. You should know that the money to pay for these things comes from the company’s assets. Assets are things the company owns, like money in the bank, equipment, or property. So, the company itself pays for the liquidator’s work and expenses using what it has, rather than someone else paying for it.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321949.
The expenses and remuneration of the liquidator are payable out of the assets of the company.
