Appointment and removal of the liquidators

(1) Liquidation is carried out by the management board, unless it is transferred by the statutes or by resolution of the general meeting to other persons.
(2) A legal person too may be a liquidator.
(3) On application of the supervisory board, or of at least one-tenth of the members, the appointment of liquidators may be made by the court.
(4) The removal of the liquidators may be effected by the court under the same conditions as the appointment. Liquidators not appointed by the court may also be removed by the general meeting before expiry of the period for which they were appointed.
(5) Where the cooperative has been dissolved by deletion for lack of assets, liquidation takes place only where it emerges, after the deletion, that assets subject to distribution exist. The liquidators are, on application of a person concerned, to be appointed by the court.