[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> COMPANIES ACT (NORTHERN IRELAND) 1960

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 231

Settlement of list of contributories and application of assets.

231.(1) Subject to sub-section (2), as soon as may be after making a
winding-up order, the court shall settle a list of contributories, with power
to rectify the register of members in all cases where rectification is
required in pursuance of this Act, and shall cause the assets of the company
to be collected, and applied in discharge of its liabilities.

(2) Where it appears to the court that it will not be necessary to make calls
on or adjust the rights of contributories, the court may dispense with the
settlement of a list of contributories.

(3) In settling the list of contributories, the court shall distinguish
between persons who are contributories in their own right and persons who are
contributories as being representatives of or liable for the debts of others.

© 1960 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/cai1960267/s231.html