(1) The acts of a liquidator are valid notwithstanding any defects that may afterwards be discovered in his or her appointment or qualification. (2) A conveyance, assignment, transfer, mortgage, charge or other disposition of a company's property made by a liquidator is, notwithstanding any defect or irregularity affecting the validity of the winding up or the appointment of the liquidator, valid in favour of any person taking such property in good faith and for value and without actual knowledge of the defect or irregularity. (3) A person making or permitting a disposition of property to a liquidator is to be protected and indemnified in so doing notwithstanding any defect or irregularity affecting the validity of the winding up or the appointment of the liquidator that is not then known to that person. (4) For the purposes of this section, a disposition of property is taken to include a payment of money.