Contributory representation in winding up: liquidator represents corporate contributory and may admit proofs against its assets. When a corporate contributory is wound up, the corporate liquidator represents it as a contributory and may be required to admit proofs against the corporate assets or allow payments from those assets for the corporate liability to contribute; proofs may include the estimated value of liability to future calls as well as calls already made.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Contributory representation in winding up: liquidator represents corporate contributory and may admit proofs against its assets.
When a corporate contributory is wound up, the corporate liquidator represents it as a contributory and may be required to admit proofs against the corporate assets or allow payments from those assets for the corporate liability to contribute; proofs may include the estimated value of liability to future calls as well as calls already made.
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