n Without Prejudice - Where the buck stops : company law
|Article Title||Where the buck stops : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jul 2008|
|Pages||50 - 51|
s26 of the Close Corporations Act deals with the deregistration and restoration of registration of close corporations. If a corporation is deregistered while having outstanding liabilities, the persons who are members of the corporation at the time of deregistration shall be jointly and severally liable for such liabilities.
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