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CORPORATIONS REGULATIONS 2001 - REG 5.6.63 Dividend payable only on admission of a debt or claim

CORPORATIONS REGULATIONS 2001 - REG 5.6.63

Dividend payable only on admission of a debt or claim

    A dividend in the winding up of the affairs of a company may be paid only to a creditor whose debt or claim has been admitted by the liquidator at the date of the distribution of dividends.

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