THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 5.6 - WINDING UP GENERALLY
Division 2 - Contributories
SECTION 529 BANKRUPTCY OF CONTRIBUTORY 529 If a contributory becomes an insolvent under administration, or assigns his or her estate for the benefit of his or her creditors, whether before or after being placed on the list of contributories: (a) his or her trustee shall represent him or her for the purposes of the winding up and shall be a contributory accordingly; and (b) calls already made, and the estimated value of his or her liability to future calls, may be proved against his or her estate.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.