S.L. 234.42 Art. 103Dispositions of property etc., after date of deemed dissolution. Cap. 459.

In a winding up by the court -

(a) any disposition of the property of the company other than a ship by a mortgagee, and

(b) any transfer of shares other than shares which have been pledged, or

(c) any transaction involving the closing out of a netting provision in terms of the Set-off and Netting on Insolvency Act, made after the date of its deemed dissolution, shall be void, unless the court otherwise orders.