Section 160
Additional grounds for winding up law corporation
ActIn forceProvision 232 of 267
Section 160
Amended by40/201440/201840/201440/201840/2014
(1)
A law corporation may be wound up under the Insolvency, Restructuring and Dissolution Act 2018 on any of the following grounds:
(a)
the law corporation ceases to satisfy the requirements of this Act or the rules made under section 166 relating to a law corporation;
(b)
the business of the law corporation has been conducted in a manner unbefitting the profession.
Amended by40/201440/2018
(2)
The grounds for winding up mentioned in subsection (1) are additional to those prescribed by the Insolvency, Restructuring and Dissolution Act 2018.
Amended by40/201440/2018
(3)
An application to wind up a law corporation on a ground specified in subsection (1) may be made only by the Attorney‑General or the Council.
Amended by40/2014