Insolvency Act

396. Consequences of resolution to liquidate

Edition: 2022-12-31 · In force

396. Consequences of resolution to liquidate

(1)On and after the commencement of voluntary liquidation of a company, the company shall cease to carry on its business, except in so far as may be necessary for its beneficial liquidation.

(2)However, the corporate status and corporate powers of the company continue to have effect until the company is dissolved, even if the company's articles provide otherwise.

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Source: Kenya Law