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Section 647 Companies and Allied Matters Act (CAMA) 2020

Section 647 CAMA 2020

Section 647 Companies and Allied Matters Act is about Costs of voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act.

All costs, charges and expenses properly incurred in the winding-up, including the remuneration of the liquidator, shall be payable out of the assets of the company in priority to all other claims.

See also  Section 56 Companies and Allied Matters Act 2020

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