The First Group of PartsCompany Insolvency ; Companies Winding Up

PART IVWinding Up of Companies Registered under the Companies Acts

CHAPTER IIVoluntary Winding Up (Introductory and General)

Consequences of resolution to wind up

88Avoidance of share transfers, etc. after winding-up resolution

Any transfer of shares, not being a transfer made to or with the sanction of the liquidator, and any alteration in the status of the company's members, made after the commencement of a voluntary winding up, is void.