PART XXWinding Up of Companies Registered Under this Act or the Former Companies Acts
CHAPTER IIWinding up by the Court
Grounds and effect of winding-up petition
522Avoidance of property dispositions, etc.
In a winding up by the court, any disposition of the company's property, and any transfer of shares, or alteration in the status of the company's members, made after the commencement of the winding up is, unless the court otherwise orders, void.