Full legislation
s.231
Effect of voluntary winding up on business and status of company
231.
Effect of voluntary winding up on business and status of company
In case of a voluntary winding up, the company shall, from the commencement of the
winding up, cease to carry on its business, except so far as may be required for the
beneficial winding up
thereof:
Provided that the corporate state and
corporate powers of the company shall, notwithstanding anything to the contrary in its
articles, continue until it is dissolved.
[cf. 1929 c. 23 s. 228 U.K.]