# Insolvency Act 1986, Section 90: Distinction between “members’” and “creditors’” voluntary winding up.


A winding up in the case of which a directors’ statutory declaration under section 89 has been made is a “members’ voluntary winding up”; and a winding up in the case of which such a declaration has not been made is a “creditors’ voluntary winding up”.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/90 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.