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Section 99: Outstanding assets

Insolvency Act · PART III: WINDING UP AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

99. Outstanding assets (1) Where the place of incorporation or origin of an unregistered corporation is in a designated country and the corporation has been dissolved and there remains in Mauritius any outstanding property which was vested in the corporation or to which it was entitled or over which it had a disposing power at the time it was dissolved, but which was not dealt with by the corporation or the liquidator before the dissolution, the property, except called and uncalled capital, shall be and become vested for the interest of the corporation or its liquidator in the property at the date the corporation was dissolved, in such persons as are entitled thereto according to the law of the place of incorporation or origin of the corporation. (2) Where the place of origin of an unregistered corporation is Mauritius, Part XXVI of the Companies Act shall, with such adaptations and modifications as may be necessary, apply in respect of that corporation. Sub-Part II – Winding Up of Companies Section A – General

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