(1) Every member is entitled to contest, by action, the calculation declared enforceable. The action is to be directed against the insolvency administrator. It lies only within the peremptory period of one month from pronouncement of the decision, and only insofar as the claimant has asserted the ground of contestation at the date fixed under section 107(1), or was, through no fault of its own, unable to assert it.
(2) The final and binding judgment is effective for and against all members liable to contribute.
Home› Commercial & Company Law› GenG (English)
Section 111
Action of contestation
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