Contributory status clarified: liability to contribute includes holders of fully paid shares and alleged contributories. The term contributory means every person liable to contribute to a company's assets on winding up, including holders of fully paid shares, and for proceedings to determine contributories (and prior interlocutory proceedings) also includes any person alleged to be a contributory.
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Provisions expressly mentioned in the judgment/order text.
Contributory status clarified: liability to contribute includes holders of fully paid shares and alleged contributories.
The term contributory means every person liable to contribute to a company's assets on winding up, including holders of fully paid shares, and for proceedings to determine contributories (and prior interlocutory proceedings) also includes any person alleged to be a contributory.
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