Singapore legislation

Section 122

of Insolvency, Restructuring and Dissolution Act 2018

Section 122

Nature of liability of contributory

The liability of a contributory creates a debt accruing due from the contributory at the time when the contributory’s liability commenced, but payable at the times when calls are made for enforcing the liability.

Section 122 — Insolvency, Restructuring and Dissolution Act 2018