Section 653(2)

Every person who was a member of the company at the date on which the resolution for reducing capital took effect under section 649(3) is liable to contribute for the payment of the debt or claim an amount not exceeding that which he would have been liable to contribute if the company had commenced to be wound up on the day before that date.

← 1 · All articles · 3 →

Source: legislation.gov.uk · retrieved 2026-09-04