If an unlimited company changes to a limited company under section 164, a
past member who was a member at the time of the change is liable:
- (a)
- despite section 521; and
- (b)
- if no person who was a member at that time is a member at the commencement
of the winding updespite section 522;
to contribute in respect of the company's debts and liabilities contracted
before that time.