Section 451
Property and proceedings
ActIn forceProvision 451 of 621
Section 451
(1)
Any attachment, sequestration, distress or execution put in force against the estate or effects of the company after the commencement of a creditors’ voluntary winding up shall be void.
(2)
After the commencement of the winding up, no action or proceeding shall be proceeded with or commenced against the company except by leave of the Court and subject to such terms as the
Court may impose.
Subdivision 6
Provisions Applicable to Every Voluntary Winding Up