Companies Act, 1862

Part IV.

Winding up of Companies and Associations under this Act.

Preliminary.

Meaning of contributory.

74. The term “contributory” shall mean every person liable to contribute to the assets of a company under this Act, in the event of the same being wound up: It shall also, in all proceedings for determining the persons who are to be deemed contributories, and in all proceedings prior to the final determination of such persons, include any person alleged to be a contributory.