s 518
In forceCompany limited both by shares and by guarantee
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.6Winding up generally
Division 2Contributories
518 Company limited both by shares and by guarantee
Subject to section 519, if the company is a company limited both by shares and by guarantee, neither of sections 516 and 517 applies but the member need not contribute more than the aggregate of the following:
(a)
the amount (if any) unpaid on shares in respect of which the member is liable as a present or past member;
(b)
the amount that the member has undertaken to contribute to the company’s property if the company is wound up.
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