Commentary

177 Special resolution for voluntary winding up

BUILDING SOCIETIES vol 6(1)
| Commentary

177 Special resolution for voluntary winding up

| Commentary

2: WINDING UP

177 Special resolution for voluntary winding up

A building society may be wound up voluntarily under the applicable winding up legislation if it resolves by special resolution1 that it be wound up voluntarily2. The passing of such a special resolution is, however, no bar to the society being wound up by the court3.

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