940 Liability of transferee companies for each other's defaults
Companies Act 2006 (2006 c 46) | Legislation

Liability of transferee companies

940  Liability of transferee companies for each other's defaults

(1)     In the case of a division, each transferee company is jointly and severally liable for any liability transferred to any other transferee company under the scheme to the extent that the other company has made default in satisfying that liability.

This is subject to the following provisions.

(2)     If[, in the

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