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Law library · Sierra Leone · The Companies Act, 2009

Section 348, The Companies Act, 2009

In forceThe Companies Act, 2009, Sierra Leone

If a contributory becomes bankrupt, either before or afterhe has been placed on the list of contributories– (a) his trustee in bankruptcy shall represent him for all the purposes of the winding up, and shall be a contributory accordingly; (b) his trustee may be called on to admit to proof against the estate of the bankrupt, or otherwise to allow to be paid out of his assets in due course of law, any money due from the bankrupt in respect of his liability to contribute to the assets of the company; and (c) there may be proved against the estate of the bankrupt the estimated value of his liability to future calls as well as calls already made. Winding-up by court-jurisdiction

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