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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 343

Saving for existing liabilities.

343.(1) Subject to sub-section (2), all actions and other legal proceedings
which at the time of the registration of a company in pursuance of this Part
are pending by or against the company, or the public officer or any member
thereof, may be continued in the same manner as if the registration had not
taken place.

(2) Execution shall not issue against the effects of any individual member of
the company on any judgment, decree or order obtained in any such action or
proceeding as aforesaid, but, in the event of the property and effects of
the company being insufficient to satisfy the judgment, decree or order, an
order may be obtained for winding up the company.

© 1960 Crown Copyright

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