CG40430 - Administration: insolvency: distributions: general

If after collecting and realising a company’s assets and meeting the company’s liabilities, including expenses incurred in the course of the liquidation, the liquidator has any surplus assets, these are available for distribution to the members. The receiptof such a distribution is the occasion of a disposal by the shareholders. Distributions may be in cash or in kind, see CG40431. There may also be more than one distribution in the course of a winding up, see CG40432.