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Misfeasance

776. As to misfesance proceedings in the course of a winding-up against directors, promoters, managers or others, see Companies Act, 1929,

Novation

established by sufficient evidence. Many such cases arose in the winding-up of the Albert Company and the European Company, which will

Official liquidators

to conduct the proceedings and to assist the court in winding up a joint-stock company, (English) Companies Act, 1862, s. 92.

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Official managers

persons formerly appointed, under statutes now repealed, to superintend the winding-up of insolvent companies under the control of the Court of

Official receivers

official receiver becoming provisional liquidator on the making of a winding-up order, see Companies Act, 1929, s. 185, and LIQUIDATOR

Preferential or preference shares or stock

fixed amount, and, in some cases, of capital upon a winding-up, over the ordinary shares. The dividends are usually contingent upon

Proof

strength of spirituous liquids. See BURDEN OR PROOF; EVIDENCE; BANK-RUPTCY; WINDING-UP. The word 'proof' need be understood in the sense in

Receiver

or against trustees or executors; in actions between partners for winding up the partnership business, and in a great many other

Reconstruction company

2002), s. 2(1)(v)] Reconstruction of a company, upon a voluntary winding-up the company may sell its undertaking for property of (including

Release

the formal discharge given by beneficiaries to trustees on the winding-up of a trust. A trustee cannot ordinarily insist on a

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