Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 1910 - onwards
Version 2 of 2
18. Power to Court to reduce contracts.
The Court, in the case of an assurance company which has been proved to be unable to pay its debts, may, if it thinks fit, reduce the amount of the contracts of the company upon such terms and subject to such conditions as the Court thinks just, in place of making a winding-up order.
