# Insolvency Act 1986, Section 107: Distribution of company’s property.

Extent: E+W+S

Subject to the provisions of this Act as to preferential payments, the company’s property in a voluntary winding up shall on the winding up be applied in satisfaction of the company’s liabilities pari passu and, subject to that application, shall (unless the articles otherwise provide) be distributed among the members according to their rights and interests in the company.

---
Source: https://www.legislation.gov.uk/ukpga/1986/45/section/107 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-107
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.