Point in time view as at 03/10/2022.
Companies Act 2006, Section 1170B is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1) In the Companies Acts “ contributory ” means every person liable to contribute to the assets of a company in the event of its being wound up.
(2)For the purposes of all proceedings for determining, and all proceedings prior to the final determination of, the persons who are to be deemed contributories, the expression includes any person alleged to be a contributory.
(3)The reference in subsection (1) to persons liable to contribute to the assets does not include a person so liable by virtue of a declaration by the court under—
(a)section 213 of the Insolvency Act 1986 or Article 177 of the Insolvency (Northern Ireland) Order 1989 (fraudulent trading), or
(b)section 214 of that Act or Article 178 of that Order (wrongful trading).]
Textual Amendments
F1Ss. 1170A, 1170B inserted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 260(8) (with art. 10)
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