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 527
527
NATURE OF CONTRIBUTORY
'
S LIABILITY
A contributory ' s liability is of the nature of a specialty debt according to the law of the Australian Capital Territory accruing due from the contributory when the contributory ' s liability commenced but payable at the times when calls are made for enforcing the liability.
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 noteA contributory ' s liability is of the nature of a specialty debt according to the law of the Australian Capital Territory accruing due from the contributory when the contributory ' s liability commenced but payable at the times when calls are made for enforcing the liability.
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