ADVOKS GLOBAL · KENYA
Employment Act
67. Definition of insolvency
Edition: 2024-04-26 · In force
67. Definition of insolvency
An employer is insolvent for the purposes of this Part—(a)if the employer is a person who—(i)has been adjudged bankrupt or has made a composition or arrangement with his creditors; or(ii)has died and his estate is to be administered in accordance with the Law of Succession Act;(b)if the employer is a company—(i)a winding up order or an administration order has been made, or a resolution for voluntary winding up has been passed, with respect to the company; or(ii)a receiver or a manager of the company's undertaking has been duly appointed, or possession has been taken, by or on behalf of the holders of any debentures secured by a floating charge, of any property of the company comprised in or subject to the charge.