Legislative Dictionary - C

Judicial Dictionary


Legislative Dictionary


Contributory

Share |

CategoryC
TitleContributory
Details

The term "contributory" means every person liable to contribute to the assets of a company in the event of its being wound up, and, in all proceedings for determining and in all proceedings prior to the final determination of the persons who are to be deemed contributories, includes any person alleged to be a contributory.

[See section 237, the Companies Act, 1994 (Act No. XVIII of 1994)].
Created OnJune 1, 2011, 2:18 PM
Hits303