(1) On a Part 5.7 body being wound up, every person who:
- (a)
- in any
caseis liable to pay or contribute to the payment of:
- (i)
- a debt or liability of the Part 5.7 body; or
- (ii)
- any sum for the adjustment of the rights of the members among themselves;
or
- (iii)
- the costs and expenses of winding up; or
- (b)
- if the Part 5.7 body has been dissolved or deregistered in its place
of originwas so liable immediately before the dissolution or
deregistration;
is a contributory and every contributory is liable to contribute to the
property of the Part 5.7 body all sums due from the contributory in
respect of any such liability.
(2) On the death or bankruptcy of a contributory, the provisions of this Act
with respect to the personal representatives of deceased contributories or the
assignees and trustees of bankrupt contributories, as the case may be, apply.