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Part Part 16 - Close Corporations Act 1989 - WINDING UP | Zoe

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Close Corporations Act 1989

Part 16WINDING UP

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PART 16—WINDING UP

Application of Parts 5.4, 5.5 and 5.6 of Corporations Act
Replacement of sections 459, 460, 461 and 462
Voluntary winding up
Decision or notice to constitute special resolution
Priority of Commission’s costs
Ranking of claims
Provisional liquidator
Financial assistance to liquidator from recovery trust fund

Previous sectionPart 15LIABILITY OF MEMBERS FOR CORPORATION’S DEBTS AND LIABILITIES

Next sectionPart 17LIQUIDATORS’ RECOVERY TRUST FUND