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78.—(1) Sections 709 to 723 of the Companies Act 2006 (redemption or purchase by private company out of capital) apply where the directors’ statement referred to in section 714 is made on or after 1st October 2009.
(2) Sections 171 to 178 of the 1985 Act or Articles 181 to 188 of the 1986 Order continue to apply where the statutory declaration required by section 173(3) or Article 183(3) was made before that date.
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