Insolvency Act · s 198

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s 198Contributories in winding up of unregistered company

(1)

In the event of an unregistered company being wound up, every person is deemed a contributory who is liable to pay or contribute to the payment of —

(a)

any debt or liability of the company;

(b)

any sum for the adjustment of the rights of members among themselves;

(c)

the expenses of winding up the company.

(2)

Every contributory is liable to contribute to the company’s assets all sums due from him in respect of any such liability as is mentioned in subsection (1).