Hometime

Hometime · Alberta legislation

CPA Condominium Property Act

CPA · Companies Act

Part 10 — Dissolution Division 1 Cancellation of Incorporation

230 Payment of debts by contributories

Current to 2022-12-15 · Official PDF

(1) The Court may, at any time after making a winding-up
order, make an order on any contributory for the time being settled
on the list of contributories to pay, in the manner directed by the
order, any money due from the contributory, or from the estate of
the person whom the contributory represents, to the company,
exclusive of any money payable by the contributory or the estate by
virtue of any call pursuant to this Act.
(2) When all the creditors are paid in full, any money due on any
account whatever to a contributory from the company may be
allowed to the contributory by way of set-off against any
subsequent call.
RSA 1980 cC-20 s230