Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Companies Act

Part 10 — Dissolution Division 1 Cancellation of Incorporation

227 Contributories, Assets, etc. Lists of contributories and application of assets

Current to 2022-12-15 · Official PDF

(1) As soon as possible after making a winding-up order, the
Court shall settle a list of contributories, with power to rectify the
register of members in all cases where rectification is required
pursuant to this Act, and shall cause the assets of the company to
be collected and applied in discharge of its liabilities.
(2) When it appears to the Court that it will not be necessary to
make calls on or adjust the rights of contributories, the Court may
dispense with the settlement of a list of contributories.
(3) In settling the list of contributories, the Court shall distinguish
between persons who are contributories in their own right and
persons who are contributories as being representatives of or liable
for the debts of others.
RSA 1980 cC-20 s227