Section 36:
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.
36. (1) This paragraph applies if the debtor at the time of adjudication is a
shareholder of a company that has not been put into liquidation.
(2) The company may prove for—
(a) the amount of unpaid calls on the debtor made before adjudication or
the commencement of the winding up in respect of the debtor’s
shares; and
(b) the value of the liability to calls to be made in the period of one year
after adjudication or commencement of the winding up.
I14 – 231 [Issue 3]
Insolvency Act
(3) The value referred to in paragraph (2) (b) must be estimated—
(a) as agreed by the Official Receiver or liquidator and the company; or
(b) if the Official Receiver or liquidator and the company cannot agree,
as directed by the Court.
(4) This paragraph does not affect the provisions of sections 124 to 127 in
the event that the company is put into liquidation.