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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 272

Distribution of property of company.

272. Subject to the provisions of this Act as to preferential payments, the
property of a company shall, on its winding up, be applied in satisfaction of
its liabilities 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.

© 1960 Crown Copyright

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