COMPANIES.
No. 58 of 1911.
2159
ment into
162.-(1) The Court may order any contributory, purchaser, or other person from whom money is due to the company to pay the same into such bank as the Court may direct to the account of the liquidator instead of to the liquidator, and any such order may be enforced in the same manner as if it had directed payment to the liquidator.
(2) All moneys and securities paid or delivered into such bank in the event of a winding up by the Court shall be subject in all respects to the orders of the Court.
8 Edw. 7 c. 69 s. 167.
contributory
163.—(1) An order made by the Court on a contributory shall (subject to any right of appeal) be conclusive evidence that the money, if any, thereby appearing to be due or ordered to be paid is due.
(2) All other pertinent matters stated in the order shall be taken to be truly stated as against all persons, and in all proceedings, except proceedings against the real estate of a deceased contributory, in which case the order shall be only primâ facie evidence for the purpose of charging his real estate, unless his heirs or devisees were on the list of contributories at the time of the order being made.
ib. s. 168.
164. The Court may fix a time or times within which creditors are to prove their debts or claims, or to be excluded from the benefit of any distribution made before those debts are proved.
creditors not proving in time. ib. s. 169.
165. The Court shall adjust the rights of the contributories among themselves, and distribute any surplus among the persons entitled thereto.
contributories. ib. s. 170. ib. s. 171.
166. The Court may, in the event of the assets being insufficient to satisfy the liabilities, make an order as to payment out of the assets of the costs, charges, and expenses incurred in the winding up in such order of priority as the Court thinks just.
of company.
167.—(1) When the affairs of a company have been completely wound up, the Court shall make an order that the company be dissolved from the date of the order, and the company shall be dissolved accordingly.
(2) The order shall be reported by the liquidator to the Registrar of Companies who shall make in his books a minute of the dissolution of the company.
Page 85
Page 86
COMPANIES.
No. 58 of 1911.
2159
ment into
162.-(1) The Court may order any contributory, purchaser, or Power to other person from whom money is due to the company to pay the order pay- same into such bank as the Court may direct to the account of the bank. liquidator instead of to the liquidator, and any such order may be enforced in the same manner as if it had directed payment to the liquidator.
(2) All moneys and securities paid or delivered into such bank in the event of a winding up by the Court shall be subject in all respects to the orders of the Court.
8 Edw. 7
c. 69 s. 167.
contributory
163.—(1) An order made by the Court on a contributory shall Order on (subject to any right of appeal) be conclusive evidence that the conclusive money, if any, thereby appearing to be due or ordered to be paid evidence.
is due.
(2) All other pertinent matters stated in the order shall be taken to be truly stated as against all persons, and in all proceedings, except proceedings against the real estate of a deceased contributory, in which case the order shall be only primâ facic evidence for the purpose of charging his real estate, unless his heirs or devisees were on the list of contributories at the time of the order being made.
ib. s. 168.
164. The Court may fix a time or times within which creditors Power to are to prove their debts or claims, or to be excluded from the benefit exclude of any distribution made before those debts are proved.
creditors not proving in time. ib. s. 169.
165. The Court shall adjust the rights of the contributories among Adjustment themselves, and distribute any surplus among the persons entitled of rights of
thereto.
contribu- tories.
ib. s. 170.
ib. s. 171.
166. The Court may, in the event of the assets being insufficient Power to to satisfy the liabilities, make an order as to payment out of the order costs. assets of the costs, charges, and expenses incurred in the winding up in such order of priority as the Court thinks just.
of company.
167.—(1) When the affairs of a company have been completely Dissolution wound up, the Court shall make an order that the company be dis- ib. s. 172. solved from the date of the order, and the company shall be dissolved accordingly.
(2) The order shall be reported by the liquidator to the Registrar of Companies who shall make in his books a minute of the dissolu- tion of the company.
Page 85Page 86
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