The First Group of PartsCompany Insolvency ; Companies Winding Up
PART IVWinding Up of Companies Registered under the Companies Acts
CHAPTER IPreliminary
Contributories
80Nature of contributory's liability
The liability of a contributory creates a debt (in England and Wales in the nature of a specialty) accruing due from him at the time when his liability commenced, but payable at the times when calls are made for enforcing the liability.