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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 207

Contributories in case of bankruptcy of member.

207. If a contributory becomes bankrupt, either before or after he has been
placed on the list of contributories

(a)his assignees or trustee in bankruptcy shall represent him for all the
purposes of the winding up, and shall be a contributory accordingly, and may
be called on to admit to proof against the estate of the bankrupt, or
otherwise to allow to be paid out of his assets in due course of law, any
money due from the bankrupt in respect of his liability to contribute to the
assets of the company; and

(b)there may be proved against the estate of the bankrupt the estimated value
of his liability to future calls as well as calls already made.

S.208 rep. by 1978 NI 12 art.153(2) sch.7

Jurisdiction to wind up companies.

© 1960 Crown Copyright

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