Statute
Section 515 — Corporations Act 2001: General liability of contributory
Text of the provision Official document
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.
Official source: Federal Register of Legislation
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