All sections · Part XVII: Striking Off, Winding Up And Dissolution · Sub-Part III: Voluntary Winding Up of Insolvent Company
300 Si la empresa se declara insolvente
(1) Si en cualquier momento el liquidador de una sociedad en liquidación voluntaria en virtud de la Parte II (Liquidación voluntaria de una sociedad solvente) opina que la sociedad es insolvente, deberá inmediatamente
(a) suspender la realización de la liquidación voluntaria de acuerdo con la subsección II; y
(b) notificar por escrito a todos los socios y acreedores conocidos de la Sociedad.
(2) El liquidador que infrinja el apartado (1) comete un delito y puede ser condenado a una multa de hasta 10.000 dólares.
(a) suspender la realización de la liquidación voluntaria de acuerdo con la subsección II; y
(b) notificar por escrito a todos los socios y acreedores conocidos de la Sociedad.
(2) El liquidador que infrinja el apartado (1) comete un delito y puede ser condenado a una multa de hasta 10.000 dólares.
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Where company found to be insolvent
(1) If at any time the liquidator of a company in voluntary liquidation under
Sub-Part II (Voluntary Winding Up of Solvent Company) is of the opinion
that the company is insolvent, he shall forthwith —
(a) cease carrying out the voluntary winding up under Sub-Part II;
and
(b) provide a written notice thereof to each member and known
creditor of the company.
(2) A liquidator who contravenes subsection (1) commits an offence and is
liable on conviction to a fine not exceeding US$10,000.
Sub-Part II (Voluntary Winding Up of Solvent Company) is of the opinion
that the company is insolvent, he shall forthwith —
(a) cease carrying out the voluntary winding up under Sub-Part II;
and
(b) provide a written notice thereof to each member and known
creditor of the company.
(2) A liquidator who contravenes subsection (1) commits an offence and is
liable on conviction to a fine not exceeding US$10,000.
