Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

Division 2 - Contributories  

SECTION 515  

515   GENERAL LIABILITY OF CONTRIBUTORY  
Subject to this Division, a present or past member is liable to contribute to the company's property to an amount sufficient:


(a) to pay the company's debts and liabilities and the costs, charges and expenses of the winding up; and


(b) to adjust the rights of the contributories among themselves.


 

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