Assertion: close corporation | /r/CapableOf | set security
Facets:
value: for the payment of the company
type: PURPOSE
Source sentences:
text: Before the resolution is adopted by the company or close corporation, the company or close corporation must set security with the Master of the High Court for the payment of the company’s debts within no more than 12 months after the start of the winding-up of the company or close corporation or obtain consent of the Master to dispense with security.