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Section 444

Distinction between “members” and “creditors” voluntary winding up

of Companies Act 2016

ActIn forceProvision 444 of 768
Section 444

A winding up in the case of which a directors’ declaration under section 443 has been made, is a “members’ voluntary winding up” and a winding up in the case of which such a declaration has not been made is a “creditors’ voluntary winding up”.

Subdivision 4

Members’ Voluntary Winding Up