851 Application of rules of law restricting distributions
851 Application of rules of law restricting distributions
Companies Act 2006 | Legislation

(1)     Except as provided in this section, the provisions of this Part are without prejudice to any rule of law restricting the sums out of which, or the cases in which, a distribution may be made.

(2)     For the purposes of any rule of law requiring distributions to be paid out of profits or restricting the return of capital to members—

(a)     section 845 (distributions in kind: determination of amount) applies to determine the amount of any distribution or return of capital consisting of or including, or treated as arising in consequence of the sale, transfer or other disposition

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