Section 34: Liability of owners on winding up

In the winding up of a corporation under section 33, the owners shall be liable, both jointly and severally, to contribute, according to their respective shares, to the assets of the corporation to an amount sufficient to discharge its debts and liabilities. (Amended 27 of 1993 s. 27)

文章分類 Part VI WINDING UP OF CORPORATIONS

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