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When the business transferred to the Terminating Company has been completed by payment or satisfaction of all policies, or earlier at the discretion of the Board of the Terminating Company and with the consent of the Minister for Finance by transfer of the business of the Terminating Company to the Permanent Company (for which transfer no order of the Court shall be requisite), the Terminating Company shall be wound up and liquidated, and its assets (if any) available for distribution shall be divided amongst the shareholders in accordance with its Articles of Association.
When the business transferred to the Terminating Company has been completed by payment or satisfaction of all policies, or earlier at the discretion of the Board of the Terminating Company and with the consent of the Minister for Finance by transfer of the business of the Terminating Company to the Permanent Company (for which transfer no order of the Court shall be requisite), the Terminating Company shall be wound up and liquidated, and its assets (if any) available for distribution shall be divided amongst the shareholders in accordance with its Articles of Association.