Appointing the liquidator in the public shareholding company in Jordanian law "a comparative study"

The liquidation phase in which the public shareholding company enters, whether through the partners themselves or through the law, is one of the most important stages that the company goes through, during which the operations initiated by the company are completed, its debts are paid, and its rights are fulfilled in preparation for dividing the excess funds after carrying out these operations and distributing the remaining ones to the partners duly. In view of the importance of this stage, there must be a competent authority to do so, and this body is the liquidator, who is the only one in Representing the company in all works necessitated by liquidation and initiating the operations under which the legal positions resulting from the dissolution of the company are settled and by appointing him, the capacity of managers ends and he acts as the legal representative of the company at all stages of liquidation from the moment of his appointment as liquidator of the company. The liquidator is like a balance that achieves justice between all and does not harm one party at the expense of the other, and to achieve this, the liquidator assigned to that task must be highly competent, experienced and honest when performing his duties.