All sections · Part XVII: Striking Off, Winding Up And Dissolution · Sub-Part II: Voluntary Winding Up of Solvent Company
281 Application of this Sub-Part
A company may only be voluntarily wound up under this Sub-Part if —
(a) it has no liabilities; or
(b) it is able to pay its debts as they fall dueand the value of its assets equals
or exceeds its liabilities.
(a) it has no liabilities; or
(b) it is able to pay its debts as they fall dueand the value of its assets equals
or exceeds its liabilities.
