CmaBylaw
Executive Bylaws
7-40 Of Module Eleven: Dealing in Securities
Section: Chapter Seven: Special Purpose Vehicle Companies
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Tuesday, 14 February 2017
The contract of the a Special Purpose Vehicle Company shall include a provision that it shall be deemed automatically wound up during one month from the date of fulfilling the condition of expiration of Bonds and Sukuk. The contract of the Special Purpose Vehicle Company shall also include a provision of irrevocable authorization by the shareholders to issue a resolution dissolving the company and assigning a liquidator thereof.
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