# The Insolvency (Scotland) Rules 1986, Rule 4.40: Preliminary


For the purposes of this Chapter -
(a) an “insolvent winding up” takes place where a company is being wound up on grounds which include its inability to pay its debts, and
(b) a “solvent winding up” takes place where a company is being wound up on grounds which do not include that one.

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Source: https://www.legislation.gov.uk/uksi/1986/1915/rule/4.40 (the official version)
Page: https://openlegislation.uk/insolvency-scotland-rules-1986/rule-4.40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.