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If a company goes into liquidation and has uncalled and partly paid share capital who are the shareholders liable to?
The answer is the company. In practice the money is paid to the liquidator who is in total control of the company, but the money goes to the company
I think there’s one mcq in the bank where I have given the answer as the liquidator and, on reflection, I can see why I said it.
But, no, it’s the company
OK?
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