What does the liquidator of the association do?

According to the regulations, the liquidator’s primary duty is to carry out the liquidation in the shortest possible time, in a way that protects the assets of the liquidated organization from unjustified depletion. The maximum timeframe for completing this process is one year. The beginning of the term is determined by the date of adoption of the resolution or the date indicated in the court order dissolving the association and ordering liquidation. The activities that the liquidator must undertake are as follows: to report information about the dissolution of the association to the court; to check whether and what duties are imposed on the liquidator by the statute or other internal documents, including resolutions adopted at the general meeting on the dissolution of the organization; to prepare a financial statement as of the opening date of the liquidation; to make public information about the liquidation of the association; to prepare a liquidator’s report on the execution of the liquidation; to transfer the assets remaining after the liquidation to an entity selected in accordance with the regulations and the will of the general meeting of members; to present to the organization’s competent body (depending on the provisions of the statute, e.g., to the general meeting of members. general meeting of members) of the liquidator’s report on liquidation, together with a financial statement as of the date of completion of liquidation; submission of an application for deletion of the association from the KRS register; submission of an application for deletion of the organization from the REGON register and the tax office having jurisdiction over the organization’s headquarters.

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