- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As made) - English
- Original (As made) - Welsh
This is the original version (as it was originally made). Dim ond ar ei ffurf wreiddiol y mae’r eitem hon o ddeddfwriaeth ar gael ar hyn o bryd.
7. The liability of members is limited to £1 each, being the amount that they undertake to contribute to the assets of the company in the event of its being wound up while they are a member or within one year after they cease to be a member, for—
(a)payment of the company’s debts and liabilities contracted before they cease to be a member;
(b)payment of the costs, charges and expenses of winding up; and
(c)adjustment of the rights of the contributories among themselves.
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Original (As Enacted or Made) - English: The original English language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
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