107 Distribution of company's property
107 Distribution of company's property

Chapter V
Provisions Applying to Both Kinds of Voluntary Winding Up

107  Distribution of company's property

Subject to the provisions of this Act as to preferential payments, the company's property in a voluntary winding up shall on the winding up be applied in satisfaction of the company's liabilities pari passu and, subject to that application, shall (unless the articles otherwise provide) be distributed among the members according to their rights and interests in the company.

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