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The Joint-stock Companies Act, 1857

LXXIV. Fraudulent preference.-

Any conveyance, mortgage, delivery of goods, payment, or other act relating to property, if made, done, or suffered voluntarily by any Company registered under this Act whilst in insolvent circumstance, with a view to give any undue or fraudulent preference to any creditor of such Company, shall be void if made, done, or suffered within three months before the commencement of the winding-up of such Company.

Joint-Stock Companies Act, 1857 Back

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