Commentary

193 Avoidance of share transfers etc after resolution

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

193 Avoidance of share transfers etc after resolution

| Commentary

193 Avoidance of share transfers etc after resolution

Any transfer of shares, not being a transfer made to or with the sanction of the liquidator, and any alteration in the status of the company’s members made after the commencement of a voluntary winding up, is void1.

The words ‘alteration in the status of the company’s members’ have been judicially explained as applying to transfers made before the commencement of the winding up but not then registered and as applying to prevent alterations in liability and status by agreements2 not involving transfers3. They also relate to

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