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Cash Distribution Framework Act 2026
149Winding up body corporate
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149 Winding up body corporate
(1) While section 137 applies to a body corporate, it cannot be wound up voluntarily.
(2) The Court is to adjourn the hearing of an application for an order to wind up a body corporate while section 137 applies to the body corporate.
(3) The Court is not to appoint a provisional liquidator of a body corporate while section 137 applies to the body corporate.