An MVL procedure releases the members from all accrued liabilities and provides a clean end to the company which will be dissolved 3 months after the conclusion of an MVL. For a company to use the striking off procedure it must have been inactive for at least three months and any accrued liabilities can be pursued for up to 12 years. However, under an MVL only the liquidator or an individual sufficiently interested can restore the company which must be within two years of the date of dissolution.
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