Section 297: Nature of liability of contributory
The Companies Act, 2017 · Federal Acts · in_force
Discuss this provision with AI
297. Nature of liability of contributory.—The liability of a contributory shall create a debt accruing due from him at the time when his liability commenced, but payable at the time specified in calls made on him for enforcing the liability.
Effective date: 2017-05-30
Related sections
Section 296: Liability of Contributory having fully paid shareSection 298: Contributories in case of death of memberSection 295: Liability of directors whose liability is unlimitedSection 299: Contributory in case of insolvency of memberSection 294: Liability as contributories of present and past membersSection 300: Contributories in case of winding up of a body corporate which is a member
Version 1 · Source-traceable official reference. LawHub does not modify the official record.