Dáil Éireann Debate, Tuesday - 29 November 2011
369 Deputy Patrick O’Donovan asked the Minister for the Environment, Community and Local Government, further to Parliamentary Question No. 419 of 15 November 2011, in a situation in which a property management company has gone into liquidation and a housing estate has not been taken in charge by the local authority, if he will confirm that the legal responsibility for ongoing maintenance and carrying out of repairs lies with the liquidator. [37547/11]
Amharc ar fhreagraLegislation and issues arising in the context of company law are a matter for my colleague, the Minister for Jobs, Enterprise and Innovation. However, in general the liquidation of a company is the process under which assets are collected and disposed of and the resulting proceeds are applied, if there are sufficient funds, in discharging the company's liabilities. The balance, if any, which remains after paying the costs and expenses of a liquidation is distributed among the members of the company according to their rights and interests or as set out in the company's constitutional documents.
