THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.6 - WINDING UP GENERALLY

Division 2 - Contributories

SECTION 521   PERSON CEASING TO BE A MEMBER A YEAR OR MORE BEFORE WINDING UP  

521    Subject to section 523, a past member need not contribute if he, she or it was a member at no time during the year ending on the day of the commencement of the winding up.




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