 | Roman Tomasic, Stephen Bottomley, Rob McQueen - Corporation law - 2002 - 964 pages
...up, but only for one year after ceasing to be a member. A past member can only be called upon when it appears to the court that the existing members are unable to fulfil their liabilities. However, a past member is not liable to contribute for any debt or liability... | |
 | Roman Tomasic - Law - 2006 - 584 pages
...after they have ceased to be members. In addition, a past member is not liable to make contribution unless it appears to the court that the existing members are unable to satisfy the contributions required by them. Finally, the common law rule that members are entitled to treat as a debt a dividend that... | |
 | Northwest Territories - Law - 1904 - 736 pages
...or liability of the company contracted after the time at which he ceased to be a member; (c) No past member shall be liable to contribute to the assets...contributions required to be made by them in pursuance of this Ordinance; 75 (d) In the case of a company limited by shares no contribution shall be required from... | |
 | Banks and banking - 1869 - 1264 pages
...the company contracted after the time at which he ceased to be a member. " 3. No past member shall bo liable to contribute to the assets of the company...required to be made by them in pursuance of this Act." These words are clear, distinct, and explicit ; and every man of business «an readily comprehend their... | |
 | Maxwell Alexander Robertson - Law reports, digests, etc - 1869 - 1632 pages
...to be a member." That is a provision of obvious justice to him. Then the next head is this : No past member shall be liable to contribute to the assets...satisfy the contributions required to be made by them." Under those two heads Mr. Bridger comes — he is a past-member, properly put on the list ; and he... | |
 | Herbert Newman Mozley - Law - 914 pages
...or liability of the company contracted after the time at which he ceased to be a member. 3. No past member shall be liable to contribute to the assets...members are unable to satisfy the contributions required of them. 4. No contribution shall be required from any member exceeding the amount, if any, unpaid... | |
 | Sudan - Law - 1926 - 538 pages
...company contracted after he ceased to be a member ; (iii) a past member shall not be liable to contribute unless it appears to the Court that the existing members...contributions required to be made by them in pursuance of this Ordinance ; (iv) save as hereinafter provided by Section one hundred and fifty, no contribution shall... | |
 | Great Britain. Parliament. House of Commons - Great Britain - 1874 - 658 pages
...liability contracted after he ceased to be a member. 5 (<?.) No past member shall be liable to contribute unless it appears to the court that the existing members...satisfy the contributions required to be made by them in order to satisfy all just demands upon the society : (d.) No contributions shall be required from any... | |
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No past member shall be liable to contribute to the assets of the company unless it appears to the Court that the existing members are unable to satisfy the contributions required to be made by them in pursuance of this Act... 
