Singapore legislation

Clause 130

of Insolvency, Restructuring and Dissolution Bill

Clause 130

Avoidance of dispositions of property and certain attachments, etc.

(1)

Any disposition of the property of the company, including things in action, and any transfer of shares or alteration in the status of the members of the company, made after the commencement of the winding up by the Court is, unless the Court otherwise orders, void.

(2)

Any attachment, sequestration, distress or execution put in force against the estate or effects of the company after the commencement of the winding up by the Court is, unless the Court otherwise orders, void.

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