CORPORATIONS ACT 2001 - SECT 523 Past member of former unlimited company

CORPORATIONS ACT 2001 - SECT 523

    If an unlimited company changes to a limited company under section   164, a past member who was a member at the time of the change is liable:

  (a)   despite section   521; and

  (b)   if no person who was a member at that time is a member at the commencement of the winding up--despite section   522;

to contribute in respect of the company's debts and liabilities contracted before that time.