Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

📂 Special resolution

Business activity

File special resolution

Why use a 📂 Special resolution?

A special resolution is a resolution that is passed by a company or other organization's members with a greater than usual majority. It is often used to make changes to the company's articles of association or to change the company's name.

This legal template refers to a document catering to the requirements of a special resolution to place a company into voluntary liquidation, as per UK law. When a company is unable to meet its financial obligations and is no longer viable, the directors or shareholders may choose to initiate the liquidation process voluntarily. This template would outline the necessary steps and procedures involved in this process, including the appointment of a liquidator, the distribution of assets to creditors, the winding up of affairs, and the dissolution of the company. It would provide a clear framework and guidelines for the company to follow, ensuring compliance with the relevant legal provisions and helping to navigate through the complexities of the voluntary liquidation process.

How it works

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