- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/04/1994)
- Gwreiddiol (Fel y'i Deddfwyd)
Insolvency Act 1986
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Changes over time for: Section 77
Version Superseded: 01/10/2009
Alternative versions:
- 01/02/1991- Amendment
- 01/04/1994
Point in time - 01/10/2009- Amendment
- 08/07/2021- Amendment
- 04/01/2024- Amendment
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Point in time view as at 01/04/1994. This version of this provision has been superseded.
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77 Limited company formerly unlimited.E+W+S
(1)This section applies in the case of a company being wound up which was at some former time registered as unlimited but has re-registered—
(a)as a public company under section 43 of the Companies Act (or the former corresponding provision, section 5 of the M1Companies Act 1980), or
(b)as a limited company under section 51 of the Companies Act (or the former corresponding provision, section 44 of the M2Companies Act 1967).
(2)Notwithstanding section 74(2)(a) above, a past member of the company who was a member of it at the time of re-registration, if the winding up commences within the period of 3 years beginning with the day on which the company was re-registered, is liable to contribute to the assets of the company in respect of debts and liabilities contracted before that time.
(3)If no persons who were members of the company at that time are existing members of it, a person who at that time was a present or past member is liable to contribute as above notwithstanding that the existing members have satisfied the contributions required to be made by them under the Companies Act and this Act
This applies subject to section 74(2)(a) above and to subsection (2) of this section, but notwithstanding section 74(2)(c).
(4)Notwithstanding section 74(2)(d) and (3), there is no limit on the amount which a person who, at that time, was a past or present member of the company is liable to contribute as above.
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