Business
| Front | Who may bring a derivative claim? |
| Back | A current member.Whether they became a member before the cause of action arose or not.Because the cause action is vested in the company. |
| Front | What happens if company creates fixed charge over floating charged assets |
| Back | If the later fixed charge holder had notice of this restriction, then floating charge has priority |
| Front | What is function of liquidator? In compulsory liquidation |
| Back | • To secure and realise the assets of the company then distribute to the company’s creditors • To take into their custody or under their control all the property of the company |