Appointment of the liquidator (art. 102 LGS)
Liquidation is entrusted to the management body unless a special rule or contrary provision applies; otherwise the liquidator is appointed by majority vote and the appointment must be registered.
What article 102
Article 102 governs the appointment, registration and removal of the liquidator.
Liquidation is entrusted to the management body, except in special cases or where otherwise provided. Failing that, the liquidator shall be appointed by majority vote within thirty (30) days after the company enters liquidation. If no appointment is made, any member may request the court to appoint one. The appointment of the liquidator must be registered with the Public Registry of Commerce.
Source: Law 19,550, art. 102 — InfoLEG (updated official text)
Commentary
As a rule, those who managed the company conduct the liquidation; otherwise the members appoint a liquidator and, failing that, the court does so. Registration is important because, among other effects, the appointment closes the possibility of revival under article 95.
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