440

Ch. 31. No. 1.] Companies.

 

Nature of
liability of
contributory.

Contribu-
tories in case
of death of
member.

Contribu-
tories in case
of bank-
ruptcy of
member.

Provision as
to married
women.

determining, and all proceedings prior to the final deter-
mination of, the persons who are to be deemed contribu-
tories, includes any person alleged to be a contributory.

157. The liability of a contributory shall create a debt
of the nature of a specialty accruing due from him at the
time when his liability commenced, but payable at the times
when calls are made for enforcing the liability.

158. (1) If a contributory dies either before or after he
has been placed on the list of contributories, his personal
representatives shall be liable in a due course of adminis-
tration to contribute to the assets of the company in dis-
charge of his liability and shall be contributories accordingly.

(2) Where the personal representatives are placed
on the list of contributories, the next of kin or devisees need
not be added, but they may be added as and when the
Court thinks fit.

(3) If the personal representatives make default in
paving any money ordered to be paid by them, proceedings
may be taken for administering the estate of the deceased
contributory, and for compelling payment thereout of the
money due.

159. If a contributory becomes bankrupt, either before
or after he has been placed on the list of contributories—

(1) his trustee in bankruptcy shall represent him for
all the purposes of the winding up, and shall be a con-
tributory accordingly, and may be called on to admit
to proof against the estate of the bankrupt, or otherwise
to allow to be paid out of his assets in due course of
law, anv money due from the bankrupt in respect of
his hability to contribute to the assets of the company;
and

(2) there may be proved against the estate of the
bankrupt the estimated value of his liability to future
calls as well as calls already made.

160. The husband of a female contributory married before
the date of the commencement of the Married Women’s
Property Ordinance (namely, the Ist of January, 1885),
shall, during the continuance of the marriage, be liable, as