Books > Old Books > Poetry Northwest (1959)


Page 236

CHAPTER 21
CONTRIBUTORIES AND CREDITORS

(b) the amount of debts and liabilities of the company contracted before he ceased to be a member and remaining unpaid.
Example.-C. and D. are the holders of £1 shares, 7s. 6d. paid. C. transfers his shares to X. and D. transfers to Y. Within a year the company is wound up, and is insolvent. X. pays up his shares in full, but Y. pays nothing. C. will not be put on the " B " list. D. will be put on the list.

If there have been several transfers of the same shares within a year of the winding up, all the transferees will be placed on the list at the same time. (2)
The assets of the company, including the amount received from A contributories, are first applied in payment pari passu of the debts of the company, irrespective of the time when they were contracted. (3) The liability of the B contributories is therefore further restricted, because they are only liable for such part of the company's debts contracted before they ceased to be members as have not been satisfied by the distribution of the company's other assets among the creditors generally. (4) The B contributories may therefore not be fully called upon although the creditors are not paid in full.
Re City of London Insce. Co., Ltd., [1932] 1 Ch. 226. The liquidator made calls oil the B contributories of Is. a share in 1925, and Is. 6d. a share in 1927. The amount so realised exceeded by about £10,000 the total debts of the company contracted while the B contributories were members but the total of all the calls did not suffice to pay the creditors in full. The liquidator asked to retain the full amount of the call on the B contributories as assets available for the creditors. Held, he could not retain the full amount, but must return the £1Q000 to the B contributories.
The liability of a contributory creates a specialty debt accruing from the time when his liability commenced, but payable when a call is made (s. 214).
If a contributory dies either before or after he has been placed on the list of contributories, his personal representatives are liable. Their liability is not a personal liability, but is only in their representative character. If they make default in payment, proceedings may be taken for administering the estate of the deceased (s. 215).
If a contributory becomes bankrupt, proof must be made in his bankruptcy for the calls actually made and the estimated value of his liability to future calls (s. 216).
Calls (s. 260).-Calls are made by the liquidator with the leave of the Court or the sanction of the committee of inspection.(5) Calls

2 Hxtmby's Case (1872), 26 L. T. 936.
3 Morris' Case (1871), L. R. 7 Ch. 200.
4 Buckley (11th ed.), p. 340.
5 See s. 273 and r. 84 et seq.

travel books:
where is HTML where is HEAD where is TITLE (b) what is amount of debts and liabilities of what is company contracted before he ceased to be a member and remaining unpaid. Example.-C. and D. are what is holders of £1 shares, 7s. 6d. paid. C. transfers his shares to X. and D. transfers to Y. Within a year what is company is wound up, and is insolvent. X. pays up his shares in full, but Y. pays nothing. C. will not be put on what is " B " list. D. will be put on what is list. If there have been several transfers of what is same shares within a year of what is winding up, all what is transferees will be placed on what is list at what is same time. (2) what is assets of what is company, including what is amount received from A contributories, are first applied in payment pari passu of what is debts of what is company, irrespective of what is time when they were contracted. (3) what is liability of what is B contributories is therefore further restricted, because they are only liable for such part of what is company's debts contracted before they ceased to be members as have not been satisfied by what is distribution of what is company's other assets among what is creditors generally. (4) what is B contributories may therefore not be fully called upon although what is creditors are not paid in full. Re City of London Insce. Co., Ltd., [1932] 1 Ch. 226. what is liquidator made calls oil what is B contributories of Is. a share in 1925, and Is. 6d. a share in 1927. what is amount so realised exceeded by about £10,000 what is total debts of what is company contracted while what is B contributories were members but what is total of all what is calls did not suffice to pay what is creditors in full. what is liquidator asked to retain what is full amount of what is call on what is B contributories as assets available for what is creditors. Held, he could not retain what is full amount, but must return what is £1Q000 to what is B contributories. what is liability of a contributory creates a specialty debt accruing from what is time when his liability commenced, but payable when a call is made (s. 214). If a contributory dies either before or after he has been placed on what is list of contributories, his personal representatives are liable. Their liability is not a personal liability, but is only in their representative character. If they make default in payment, proceedings may be taken for administering what is estate of what is deceased (s. 215). If a contributory becomes bankrupt, proof must be made in his bankruptcy for what is calls actually made and what is estimated value of his liability to future calls (s. 216). Calls (s. 260).-Calls are made by what is liquidator with what is leave of what is Court or what is sanction of what is committee of inspection.(5) Calls 2 Hxtmby's Case (1872), 26 L. T. 936. 3 Morris' Case (1871), L. R. 7 Ch. 200. 4 Buckley (11th ed.), p. 340. 5 See s. 273 and r. 84 et seq. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 236 where is strong CHAPTER 21 CONTRIBUTORIES AND CREDITORS where is p align="justify" (b) what is amount of debts and liabilities of the company contracted before he ceased to be a member and remaining unpaid. Example.-C. and D. are what is holders of £1 shares, 7s. 6d. paid. C. transfers his shares to X. and D. transfers to Y. Within a year what is company is wound up, and is insolvent. X. pays up his shares in full, but Y. pays nothing. C. will not be put on what is " B " list. D. will be put on what is list. If there have been several transfers of what is same shares within a year of what is winding up, all what is transferees will be placed on what is list at what is same time. (2) what is assets of what is company, including what is amount received from A contributories, are first applied in payment pari passu of the debts of what is company, irrespective of what is time when they were contracted. (3) what is liability of what is B contributories is therefore further restricted, because they are only liable for such part of what is company's debts contracted before they ceased to be members as have not been satisfied by what is distribution of what is company's other assets among what is creditors generally. (4) what is B contributories may therefore not be fully called upon although what is creditors are not paid in full. Re City of London Insce. Co., Ltd., [1932] 1 Ch. 226. what is liquidator made calls oil what is B contributories of Is. a share in 1925, and Is. 6d. a share in 1927. what is amount so realised exceeded by about £10,000 what is total debts of what is company contracted while what is B contributories were members but what is total of all what is calls did not suffice to pay what is creditors in full. what is liquidator asked to retain what is full amount of what is call on what is B contributories as assets available for what is creditors. Held, he could not retain what is full amount, but must return what is £1Q000 to what is B contributories. what is liability of a contributory creates a specialty debt accruing from what is time when his liability commenced, but payable when a call is made (s. 214). If a contributory dies either before or after he has been placed on what is list of contributories, his personal representatives are liable. Their liability is not a personal liability, but is only in their representative character. If they make default in payment, proceedings may be taken for administering what is estate of what is deceased (s. 215). If a contributory becomes bankrupt, proof must be made in his bankruptcy for what is calls actually made and what is estimated value of his liability to future calls (s. 216). Calls (s. 260).-Calls are made by the liquidator with what is leave of what is Court or what is sanction of what is committee of inspection.(5) Calls 2 Hxtmby's Case (1872), 26 L. T. 936. 3 Morris' Case (1871), L. R. 7 Ch. 200. 4 Buckley (11th ed.), p. 340. 5 See s. 273 and r. 84 et seq. where is Server.Execute("_SiteMap.asp") %

Book Pages: _SiteMap , default , 001 , 002 , 003 , 004 , 005 , 006 , 007 , 008 , 009 , 010 , 011 , 012 , 013 , 014 , 015 , 016 , 017 , 018 , 019 , 020 , 021 , 022 , 023 , 024 , 025 , 026 , 027 , 028 , 029 , 030 , 031 , 032 , 033 , 034 , 035 , 036 , 037 , 038 , 039 , 040 , 041 , 042 , 043 , 044 , 045 , 046 , 047 , 048 , 049 , 050 , 051 , 052 , 053 , 054 , 055 , 056 , 057 , 058 , 059 , 060 , 061 , 062 , 063 , 064 , 065 , 066 , 067 , 068 , 069 , 070 , 071 , 072 , 073 , 074 , 075 , 076 , 077 , 078 , 079 , 080 , 081 , 082 , 083 , 084 , 085 , 086 , 087 , 088 , 089 , 090 , 091 , 092 , 093 , 094 , 095 , 096 , 097 , 098 , 099 , 100 , 101 , 102 , 103 , 104 , 105 , 106 , 107 , 108 , 109 , 110 , 111 , 112 , 113 , 114 , 115 , 116 , 117 , 118 , 119 , 120 , 121 , 122 , 123 , 124 , 125 , 126 , 127 , 128 , 129 , 130 , 131 , 132 , 133 , 134 , 135 , 136 , 137 , 138 , 139 , 140 , 142 , 143 , 144 , 145 , 146 , 147 , 148 , 149 , 150 , 151 , 152 , 153 , 154 , 155 , 156 , 157 , 158 , 159 , 160 , 161 , 162 , 164 , 165 , 166 , 167 , 168 , 169 , 170 , 171 , 172 , 178 , 179 , 180 , 181 , 182 , 183 , 184 , 185 , 186 , 187 , 188 , 189 , 190 , 191 , 192 , 193 , 194 , 195 , 196 , 197 , 198 , 199 , 200 , 201 , 202 , 203 , 204 , 205 , 206 , 207 , 209 , 210 , 211 , 212 , 214 , 215 , 217 , 218 , 219 , 220 , 221 , 222 , 223 , 224 , 225 , 226 , 227 , 228 , 229 , 230 , 231 , 232 , 233 , 234 , 235 , 236 , 237 , 238 , 239 , 240 , 241 , 242 , 243 , 244 , 245 , 246 , 247 , 248 , 249 , 250 , 251 , 252 , 253 , 254 , 255 , 256 , 257 , 258 , 259 , 260 , 261 , 262 , 263 , 264 , 265 , 266 , 267 , 268 , 269 , 270 , 271 , 272 , 273 , 274 , 275 , 276 , 277 , 278 , 279 , 280 , 281 , 282 , 283 , 284 , 285 , 287 , 288 , 289 , 290 , 291 , 292 , 293 , 294 , 295 , 296 , 297 , 298 , 299 , 300 , 301 , 302 , 303 , 304 , 305 , 306 , 307 , 308 , 309 , 310 , 311 , 312 , 313 , 314 , 315 , 316 , 317 , 318 , 319 , 320 , 321 , 322 , 323 , 324 , 325 , 326 , 327 , 328 , 329 , 330 , 331 , 332 , 333 , 334 ,