Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 251

Contributories in death of member

251.
(1) Where a contributory dies either before or after he has been placed on the list of contributories, his legal representatives shall be liable in the due course of administration to contribute to the assets of the company in discharge of his liability and shall be contributories accordingly.
(2) Where the legal representatives make default in paying any money ordered to be paid by them, proceedings may be taken for administering the estate of the deceased contributory, and for compelling payment from such estate of the money due.


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