n Transactions of the Centre for Business Law - Liquidation / Likwidasie : caput 7
|Article Title||Liquidation / Likwidasie : caput 7|
|© Publisher:||University of the Free State|
|Journal||Transactions of the Centre for Business Law|
|Publication Date||Jan 2010|
|Pages||173 - 184|
In addition to those that may be created contractually, various procedures to effect an arrangement with creditors are available to a company incorporated under the Companies Act 1973. A difficult question that arises in this regard is whether these arrangements are also available to a close corporation in liquidation. Although this question was canvassed in a decision in 1985, it has received relatively little attention in handbooks on close corporation law.
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