(2) Where the registration of a society is cancelled, the society shall cease to
exist as a body corporate as from the date the cancellation takes effect.
(3) On the making of an order to cancel the registration of a society, a copy of
the order shall be placed on the file maintained by the registrar in respect of the
society and gazetted and published in at least one of the leading newspapers in
Uganda.
78. Appointment of liquidator
(1) Where the registration of a society is cancelled the Registrar may appoint
one or more persons to be a liquidator or liquidators of the society and all the
property of the society shall vest in such liquidator or liquidators with effect from
the date of cancellation of the registration.
(2) A liquidator appointed under this section shall, subject to the guidance,
control and any limitation imposed by the Registrar have the following powers—
(a) to appoint a day, before which the creditors whose claims are not already
recorded in the books of the society shall state their claims for admission,
or be excluded from any distribution made before they have proved
them;
(b) to institute and defend suits and other legal proceedings by and on behalf of
the society and appear in court as litigant in person on behalf of the
society;
(c) to refer disputes to arbitration;
(d) to determine from time to time the contributions to be made by the members
and past members, and by the estate of deceased members of the society,
respectively, to the assets of the society;
(e) to investigate all claims against the society and, decide questions of priority
arising between claimants;
(f) to call meetings of members as may be necessary for the proper conduct of
the liquidation;
(g) to sell the assets of the society;
(h) to determine from time to time, by what persons and in what proportion the
costs of the liquidation are to be borne;
(i) to take possession of the books, documents and assets of the society;
(j) to arrange for the distribution of the assets of the society in a convenient
manner when a scheme of distribution has been approved by the
Registrar;