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Old 14th May 2007 | 17:04
  #15 (permalink)  
Mike Cross
 
Joined: Sep 2002
Posts: 1,784
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From: Savannah GA & Portsmouth UK
Down to the Group Rules.

Ultimately you have to consider a winding up scenario. You all fall out or there is an expense you can't afford or the a/c is totalled. In that case the assets are disposed of, the debts paid off and the balance distributed among the shareholders in proportion to their shareholding, just like winding up a Company.
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