110 Acceptance of shares, etc, as consideration for sale of company property
Insolvency Act 1986 (1986 c 45) | Legislation

110  Acceptance of shares, etc, as consideration for sale of company property

(1)     This section applies, in the case of a company proposed to be, or being, wound up voluntarily, where the whole or part of the company's business or property is proposed to be transferred or sold

[(a)]     to another company (“the transferee company”), whether or not the latter is a [company registered under the Companies Act 2006][, or

(b)     to a limited liability partnership (the “transferee limited liability partnership”)].

(2)     With the requisite sanction, the liquidator of the company being, or proposed to be, wound

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