# Companies (Consolidation) Act 1908, Section 197: Saving for rights of creditors and contributories.


The voluntary winding up of a company shall: not bar the right of any creditor or contributory to have it wound up by the court, if the court is of opinion, in the case of an application by a creditor, that the rights of the creditor or, in the case of an application by a contributory, that the rights of the contributories will be prejudiced by a voluntary winding up.

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Source: https://www.legislation.gov.uk/ukpga/Edw7/8/69/section/197 (the official version)
Page: https://openlegislation.uk/companies-consolidation-act-1908/section-197
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.