← belizelaw.ai · Companies, Cap. 250 · PART IV — Winding-Up of Companies

Avoidance of transfers, etc., after commencement of winding- up

Cap. 250, s. 198 · Revised Edition 2020

(1) In the case of voluntary winding-up, every transfer of shares, except transfers made to or with the sanction of the liquidator, and every alteration in the status of the members of the company made after the commencement of the winding-up, shall be void. (2) In the case of a winding-up by or subject to the supervision of the court, every disposition of the property (including things in action) of the company, and every transfer of shares, or alteration in the status of its members, made after the commencement of the winding-up, shall, unless the court otherwise orders, be void.
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Avoidance of transfers, etc., after commencement of winding- up — Cap. 250 s. 198 · Belize Law