77 Limited company formerly unlimited
77 Limited company formerly unlimited

(1)     This section applies in the case of a company being wound up which was at some former time registered as unlimited but has [re-registered as a limited company].

(2)     Notwithstanding section 74(2)(a) above, a past member of the company who was a member of it at the time of re-registration, if the winding up commences within the period of 3 years beginning with the day on which the company was re-registered, is liable to contribute to the assets of the company in respect of debts and liabilities contracted before that time.