226 Contributories in winding up of unregistered company
226 Contributories in winding up of unregistered company

(1)     In the event of an unregistered company being wound up, every person is deemed a contributory who is liable to pay or contribute to the payment of any debt or liability of the company, or to pay or contribute to the payment of any sum for the adjustment of the rights of members among themselves, or to pay or contribute to the payment of the expenses of winding up the company.

(2)     Every contributory is liable to contribute to the company's assets all sums due from him in respect of any such liability as is mentioned above.

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