n Without Prejudice - Close Corporations and the personal liability of members : company law

Volume 8, Issue 8
  • ISSN : 1681-178X



In the case of 2008 (2) SA 303, Airport Cold Storage (ACS) failed to receive a dividend in the liquidation of a close corporation, Sunset Beach, against which it had proved a claim. ACS instituted action under the Close Corporation's Act (69 of 1984) for the recovery of the debt from the first and second defendants personally.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error