Insolvency Act · 2022 Revised Edition · Chapter I
61. Meaning of “contributory”
Official textFrom Attorney General's Chambers, unchanged
In this Act, “contributory” means every person liable to contribute to the assets of a company in the event of its being wound up, and for the purposes of all proceedings for determining, and all proceedings prior to the final determination of, the persons who are to be deemed contributories, includes any person alleged to be a contributory.
The reference in subsection (1) to person liable to contribute to the assets does not include a person so liable by virtue of a declaration by the
Court under section 185 or 186.
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
A reference in the article of a company to a contributory does not
company
“company” means a company incorporated or registered under the Companies Act;
(unless the context requires) include a person who is a contributory only by virtue of section 58.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
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