# Companies Act 1948, Section 232: Effect of winding-up order.


An order for winding up a company shall operate in favour of all the creditors and of all the contributories of the company as if made on the joint petition of a creditor and of a contributory.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/232 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-232
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.