Company Registration

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Per the Patricia Holdings Home Unit Company Constitution, if the company is wound up and the property of the company is more than sufficient to pay all debts as well as the costs, charges and expenses of the winding up, the excess must be divided among the members in proportion to the unit entitlement held by them. The liquidator may divide among the members the whole or any part of the company, and, determine how the division is to be carried out.

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