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COMPANIES ACT 1963 - SECT 229 Custody of company's property

229.—(1) Where a winding-up order has been made or where a provisional liquidator has been appointed, the liquidator or the provisional liquidator, as the case may be, shall take into his custody or under his control all the property and things in action to which the company is or appears to be entitled.

(2) If and so long as there is no liquidator, all the property of the company shall be deemed to be in the custody of the court.

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