Page 196 - Albanian law on entrepreuners and companies - text with with commentary

Article 191
Appointment of a Liquidator
(1) In partnerships, liquidation shall be carried out by all partners or by an
unanimously nominated liquidator. Where a partner has more than one heir, a joint
representative shall be appointed. Should the partners fail to submit to the National
Registration Centre that all of them will be liquidators or fail to appoint a liquidator
within 30 days after dissolution, any interested person may request the competent court
to appoint a liquidator.
(2) In limited liability and joint stock companies, liquidation shall be carried out
by a liquidator appointed by the General Meeting. If the General Meeting fails to
appoint a liquidator within 30 days after the dissolution, any interested person may
request the court to appoint the liquidator. Paragraph 6 of Article 91 applies
correspondingly.
(3) Any interested person as of paragraphs 1 and 2 has the right to request the
court to replace the liquidator appointed by the partners or the General Meeting if he
shows sufficient reasons that the liquidation objective might be impaired by him. The
request to the court must be filed within 30 days of the appointment by the partners or
the General Meeting.

Article 192
Appointment of a Liquidator in Dissolution by the Court
If the company is dissolved by a court decision, the court appoints the liquidator.

Article 193
Dismissal of the Liquidator
(1) The liquidator is dismissed and replaced in the manner specified in the same
way he has been appointed.
(2) Any claims to compensation arising from any contractual relationship are to be
governed by the general civil law.

Article 194
Entry in the National Registration Centre
(1) The Managing Director will submit the name of the liquidator and his
authority to represent the company together with corresponding documents to the
National Registration Centre in accordance with Article 43 of Law No. 9723 on the
National Registration Centre. The liquidator shall deposit his signature. He shall report
each change with respect to their identity or power of attorney. Appointment of a

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