Statute
Section 519 — Corporations Act 2001: Exceptions for former unlimited company
Text of the provision Official document
Despite sections 516, 517 and 518, if the company is a limited company and became a limited company by virtue of a change of status, the amount that a member at the time of the change of status, or a person who at that time was a past member, is liable to contribute in respect of the company’s debts and liabilities contracted before that time is unlimited.
Official source: Federal Register of Legislation
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