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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