Section 643 CAMA 2020
Section 643 Companies and Allied Matters Act is about Distribution of property of company. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act.
Subject to the provisions of this Act as to preferential payments,the property of a company shall, on its winding-up, be applied in satisfaction of its liabilities pari passu and, subject to such application shall, unless the articles otherwise provide, be distributed among the members according to their rights and interests in the company.
