Who typically appoints a liquidator in a member voluntary winding up?

In a member voluntary winding up, the process begins when the company’s members (shareholders) decide to wind up the company's affairs voluntarily because it is solvent, meaning that it can pay its debts. In this context, the members of the company are the ones who appoint a liquidator. This appointment is usually made during a general meeting of the members where they pass a resolution to wind up the company and simultaneously choose a liquidator to oversee the winding-up process.

The other options do not correctly represent the appointment procedure in a member voluntary winding up. Although the court appoints liquidators in cases of compulsory winding up or if there is a dispute about the appointment of a liquidator, this does not apply in a member voluntary winding up where there is no need for court intervention because the company is solvent and the members have agreed to the winding up. Directors can recommend a liquidator, but the authoritative decision and appointment are vested in the members at the general meeting. Creditors are involved in liquidations that arise from insolvency situations and do not have the authority to appoint a liquidator in a member voluntary winding up.