404
"charitable or social companies which have taken
"advantage of the terms of the existing Hong Kong
"Ordinances.
11
I venture to suggest that, as this addition
"is in accordance with the views of the Board of
"Trade and does not affect the Colony, it might be "arranged as quickly and easily as the addition "regarding life insurance companies".
The following paragraphs are taken from
Wilkinson's memorandum:-
On the winding up of a company limited by "guarantee the sum guaranteed would be a debt of "fixed amount which the liquidator would take steps "to recover in the respective Courts of the foreign
"members of the company.
"If such a company were being wound up by the "Court or subject to the supervision of the "Court", any legal proceedings against foreign "contributories would be taken by and in the name "of the 'liquidator' or the 'official receiver and "liquidator'. The bringing of such proceedings,
"whatever
No comments yet.
Private notes are available after approval.