516. Calls on shares.

A company1, or its liquidator in its name and on its behalf2, may prove against a bankrupt's estate for the estimated value of the bankrupt's liability to future calls, as well as for calls already made3.

If a contributory becomes bankrupt, either before or after he has been placed on the list of contributories, his trustee in bankruptcy represents him for all purposes of the winding up, and is a contributory accordingly4. The trustee may be called on to admit to proof against the bankrupt's estate, or otherwise allow to be paid out of the bankrupt's assets in due course