In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets of the company and settling all claims against the company before putting the company into dissolution. In most jurisdictions, a liquidator's powers are defined by statute. In compulsory liquidation, the liquidator must assume control of all property to which the company appears to be entitled. Dissolution is the last stage of liquidation, the process by which the assets and property of the company redistributed. The companies that have the capacity to engage in this activity are listed here.