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" In the event of a company formed under this Act being wound up, every present and past member of such company shall be liable to contribute to the assets of the company to an amount sufficient for payment of the debts and liabilities of the company... "
The Law Times Reports: Containing All the Cases Argued and Determined in the ... - Page 48
1872
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1869 - 810 pages
...relate to past members, the 38th section may be read thus : " Every past member of such company shall be liable to contribute to the assets of the company...payment of the debts and liabilities of the company." He is therefore declared liable, as he was in truth previously liable, to contribute to the debts and...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1871 - 982 pages
...a company formed under this Act being wound up, every present and past member of suoh company shall be liable to contribute to the assets of the company, to an amount sufficient for the payment of the debts and liabilities of the company, and the costs, charges, and expenses of the...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1856 - 532 pages
...the event of any company being wound up by the Court or voluntarily, the existing shareholders shall be liable to contribute to the assets of the company to an amount sufficient to pay the debts of the company, and the costs, charges, and expenses of winding up the same, with...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1874 - 1086 pages
...leave nothing to be otherwise provided for. Again, with respect to the liability of past members to contribute to the assets of the company to an amount sufficient for payment (besides debts and liabilities) of " the costs, charges and expenses of the winding up, and of such...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1880 - 1042 pages
...County Bank. The 38tli section of the Companies Act, 1862, makes a member liable to contribate towards payment of the debts and liabilities of the company, and the costs of the winding up and such sums as may be required for the adjustment of the rights of the contribntories...
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Practical Directions for Forming and Managing Joint-stock ..., Part 911

John Duncan (solicitor at law.) - Stock companies - 1856 - 166 pages
...the event of any company being wound-up by the Court, or voluntarily, the existing shareholders shall be liable to contribute to the assets of the company, to an amount sufficient to pay the debts of the company, with this qualification, that if the company is limited, no contribution...
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Statutes at Large ...: (37 v.) A collection of the public general statutes ...

Great Britain - 1856 - 850 pages
...the event of any Company being wound-up by the Court or voluntarily, the existing Shareholders shall be liable to contribute to the Assets of the Company to an Amount sufficient to pay the Debts of the Company, and the Costs, Charges, and Expenses of winding-up the same, jsJith...
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The Legal Observer, and Solicitors' Journal

Law - 1856 - 612 pages
...the event of any company being wound up by the court or voluntarily, the existing shareholders shall be liable to contribute to the assets of the company to an amount sufficient to pay the debts of the company, and the costs, charges, and expenses of winding up the same, with...
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Parliamentary Papers, Volume 2

Great Britain. Parliament. House of Commons - Bills, Legislative - 1857 - 490 pages
...Three Years prior to the Commencement of such Winding-up been Cre<lltor' a Member of such Company shall be liable to contribute to the Assets of the Company to an Amount sufficient for Payment of the Debts of 30 the Company contracted with Persons not being Members of the Company, or with Members of the...
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The Bankers' Magazine, and Journal of the Money Market, Volume 17

Banks and banking - 1857 - 1248 pages
...wound-up, the contributories shall, whether the company is or n^t registered as a limited company, be liable to contribute to the assets of the company to an amount sufficient to pay its debts, and the costs, charges and expenses of windingup the same. This will dispel the illusion...
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