Cap. 386 Art. 326Relationship with enactments on bankruptcy. Cap. 13.

(1) Part III of the Commercial Code relating to bankruptcy shall not apply to a company.

(2) References in other laws other than Part III of the Commercial Code to a bankrupt shall, when the context requires, be interpreted as including references to a company being wound up in circumstances of insolvency under the provisions of this Title, and references to bankrupt shall be construed accordingly.