Insolvency Act · s 64

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 64Effect of contributory’s bankruptcy

(1)

This section applies if a contributory becomes bankrupt, before or after he has been placed on the list of contributories.

(2)

If a contributory becomes bankrupt, his trustee in bankruptcy shall represent him for all purposes of the winding up, and is a contributory accordingly.

(3)

The trustee may be called on to admit to proof against the bankrupt’s estate, or otherwise allow to be paid out of the bankrupt’s assets in due course of law, any money due from the bankrupt in respect of his liability to contribute to the company’s assets.

(4)

There may be proved against the bankrupt’s estate the estimated value of his liability to future calls as well as calls already made.