Companies Act (Cap. 386), article 287

Official PDF on legislation.mt

287. Subject to the provisions of this Act and of any other law as to preferential debts or payme nts, the property of a company shall, on its winding up, be applied in satisfaction of its lia bilities pari passu , and, subject to such application, shall, unless the articles otherwise provide, be distributed among the members according to their rights and interests in the company. COMP ANIES [CAP. 386. 179 Powers and duties of liquidator.

← Art. 286 Art. 288 →

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.