Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Companies Act

Part 10 — Dissolution Division 1 Cancellation of Incorporation

213 Liability of trustee in bankruptcy

Current to 2022-12-15 · Official PDF

If a contributory becomes bankrupt, either before or after the
contributory has been placed on the list of contributories, then
(a) the trustee in bankruptcy shall represent the contributory for
all the purposes of the winding-up and may be called on to
admit to proof against the estate of the bankrupt, or
otherwise to allow to be paid out of the contributory's assets
in due course of law, any money due from the bankrupt in
respect of his or her liability to contribute to the assets of the
company, and
(b) there may be proved against the estate of the bankrupt the
estimated value of the contributory's liability to future calls
as well as calls already made.
RSA 2000 cC-21 s213;2020 c25 s2(92)