题目

Name three common effects of liquidations. 

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Chapter21Insolvencyandadministration

 (1) No further changes in membership permitted 

 (2) All documents must state prominently that company is in liquidation

  (3) Directors' power to manage ceases 

多做几道

 Define money laundering. 

What is placement? 

 What are the two most important grounds for compulsory liquidation? 

 Name two advantages of administration. 

Name three common effects of liquidations. 

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