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of <h1>Share Transfers Void After Winding Up Begins Without Liquidator or Tribunal Approval</h1> In a voluntary winding up, any transfer of company shares or alteration in member status, unless sanctioned by the Company Liquidator, is void after winding up begins. In a Tribunal-ordered winding up, any disposition of company property, including actionable claims, and any share transfer or member status alteration are void post-commencement, unless the Tribunal orders otherwise.
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