n Without Prejudice - Creditors : it's up to you : company law
|Article Title||Creditors : it's up to you : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Sep 2012|
|Pages||26 - 27|
For better or worse, the Companies Act (71 of 2008) (Companies Act) has abolished the personal liability which members of a close corporation (CC) incur for the debts of the CC upon its deregistration.
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