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Voluntary Liquidation
(redirected from Voluntary Winding-Up)

   Also found in: Dictionary/thesaurus 0.01 sec.
Voluntary liquidation
Liquidation proceedings that are supported by a company's shareholders.

Voluntary Liquidation
The decision by shareholders in a publicly-traded company to cease operations, sell all assets, and use the proceeds to repay its creditors as far as possible. A voluntary liquidation differs from a bankruptcy, where the company files with a court without taking a vote of shareholders.


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Peter Port, Guernsey GY1 3BG, the special resolution approving the voluntary winding-up of the Company was passed by an appropriate majority.
FOR IMMEDIATE RELEASE The New Zealand Investment Trust plc ("the Company") 29 February 2008 Further re Proposals for the voluntary winding-up and reconstruction of the Company Result of Second General Meeting Further to the proposals for the voluntary winding-up and reconstruction of the Company announced on 24 January 2008, resolutions giving final effect to the proposals were duly passed at the Second General Meeting of the Company held today.
 
 
 
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