Section 249: Liability of director or relative
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
249. Liability of director or relative
(1) During the administration of a company, except with the Court’s
permission and on terms that the Court thinks appropriate, a guarantee of a
liability of the company shall not be enforced against—
(a) a director of the company who is a natural person;
(b) that person’s spouse or relative; or
(c) any related company.
(2) In this section, “liability” means a debt, liability or other obligation.
Section E – Rights of secured creditor