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During PAMM Account liquidation, the PAMM Account and all investment accounts are closed and liquidated.
Where a voluntary liquidation proceeds as a creditors' voluntary liquidation, a liquidation committee may be appointed.
If there are any remaining open or pending positions on the account, a request to liquidate the PAMM Account will be rejected.
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The court may appoint an official receiver, and one or more liquidators, and has general powers to enable rights and liabilities of claimants and contributories to be settled.
Separate meetings of creditors and contributories may decide to nominate a person for the appointment of a liquidator and possibly of a supervisory liquidation committee.