(1) The appointment of a liquidator shall be of no effect unless the person nominated has, prior to his appointment, signified his written consent to the appointment.
(2) The chairman of any meeting at which a liquidator is appointed shall, within 7 days of the meeting, notify the liquidator in writing of his appointment, unless the liquidator or his duly authorised representative is present at the meeting where the appointment is made.
(3) A person who fails to comply with subsection (2) shall be guilty of an offence and liable to a fine not exceeding £1,000.