Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.6
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WINDING UP GENERALLY
Division 2
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Contributories
SECTION 528
528
DEATH OF CONTRIBUTORY
If a contributory dies, whether before or after being placed on the list of contributories:
(a) his or her personal representatives are liable in due course of administration to contribute to the company's property in discharge of his or her liability to contribute and are contributories accordingly; and
(b) if his or her personal representatives default in paying any money that they are ordered to pay - proceedings may be taken for administering his or her estate and for compelling payment, out of the assets of that estate, of the money due.
Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .
View history note
Hide history noteIf a contributory dies, whether before or after being placed on the list of contributories:
(a) his or her personal representatives are liable in due course of administration to contribute to the company's property in discharge of his or her liability to contribute and are contributories accordingly; and
(b) if his or her personal representatives default in paying any money that they are ordered to pay - proceedings may be taken for administering his or her estate and for compelling payment, out of the assets of that estate, of the money due.
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