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Invalidating certain floating charges

The Law of Companies

Author:
Thomas B Courtney
Publisher:
Bloomsbury Professional
Edition:
Fourth edition
Law Stated At:
30 September 2016
Chapter 26: Realisation and Distribution of Assets in a Winding Up [A]: The Realisation of Corporate Assets (a) Proof of solvency (b) The operative time limits (c) Invalid only where security unrealised on winding up (d) Valid to extent of money actually advanced or paid (e) Other circumstances in which a floating charge is invalid ...

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