236 Limitation of actions

In a winding up by the court, time does not run against a creditor from and after the date of a winding-up order1. On the same principle, it would appear that time would not run against a creditor from the date of the commencement of a voluntary winding up, but the creditor must lodge a claim before dissolution2. The liquidator must obviously reject time-barred claims. If a creditor has no notice of the winding up until after the dissolution of the company, he has a right of action against the liquidator, if the liquidator was

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial