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The Insolvency (Northern Ireland) Order 1989
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Changes over time for: Section 13
Version Superseded: 01/10/2009
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- 01/01/2006- Amendment
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“Contributory”N.I.
13.—(1 )F1 In this Order and the Companies Order“contributory” means every person liable to contribute to the assets of a company in the event of its being wound up, and 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, includes any person alleged to be a contributory.
(2 )F1 The reference in paragraph (1) to persons liable to contribute to the assets does not include a person so liable by virtue of a declaration by the High Court under Article 177 (imputed responsibility for company's fraudulent trading) or Article 178 (wrongful trading).
(3 )F1 A reference in a company's articles to a contributory does not (unless the context requires) include a person who is a contributory only by virtue of Article 63 (liability of past directors and shareholders).
(4 )F1 Paragraph (3) is deemed included in Chapter VII of Part VI of the Companies Order for the purposes of the Department's power to make regulations under Article 189 of that Order.
F1mod. by SR 2004/307
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