Transfers of all company property to trustees for creditors are void, preventing collective assignments of assets. Transfers or assignments by a company of all its property to trustees for the benefit of all its creditors are void, rendering collective assignments of ... Summary
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Transfers of all company property to trustees for creditors are void, preventing collective assignments of assets.
Transfers or assignments by a company of all its property to trustees for the benefit of all its creditors are void, rendering collective assignments of the company's entire assets ineffective and preserving statutory winding-up processes and creditor priority structures.
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