Law · Corporate Insolvency
In corporate liquidation proceedings, when is a statutory declaration of solvency required to be made by the directors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1In a compulsory liquidation order by court only
- 2In a creditors' voluntary liquidation only
- 3In a creditors' voluntary liquidation and members' voluntary liquidation
- 4In a members' voluntary liquidation only✓
Correct answer
In a members' voluntary liquidation only
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