Handbook of the Law of Mexican Commercial Corporations, Including Foreign Corporations in Mexico (In English) Containing Explanations of the System of Laws of the Republic of Mexico And the Law of the Contract, Management And Operations of General Corpora

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— The law rec- ognizes the right of the incorporators to name the liqui- dators beforehand, — ^that is, previous to the determination to liquidate the company, — ^in the articles of the company.
(83) 84 LIQUIDATORS AND MANNER OF LIQUIDATING.
On occasions this may be advisable, but as a rule provision is merely made in the articles that a given number of liqui- dators shall be elected by the stockholders for such pu!rpose, when the liquidation of the company has been determined upon by them.
§22
...7. Election of Liquidators. — ^When the dissolution of a corporation is determined upon at a meeting of the stock- holders (§222), the appointment of liquidators should be made ; and if this is not done, the judicial authorities shall appoint them vrhen requested so to do.
The appointment of liquidators ought always to be made by the stockholders, and preferably by resolution to that effect, passed at the meeting in which the dissolution and liquidation is determined upon. The stockholders may, how- ever, name the liquidators at a later meeting.


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