# Companies Act 1948, Section 267: Power to order costs of winding up to be paid out of assets.


The court may, in the event of the assets being insufficient to satisfy the liabilities, make an order as to the payment out of the assets of the costs, charges and expenses incurred in the winding up in such order of priority as the court thinks just.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/267 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-267
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.