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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Division 2 - Contributories  

SECTION 524  

524  PAST MEMBER OF FORMER LIMITED COMPANY  

If a limited company changes to an unlimited company under section 164, a person who, at the time when the company applied for the change, was a past member and did not again become a member after that time need not contribute more than they would have been liable to contribute if the company had not changed type.

[CCH Note: There is no section 525.]


 



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