# Companies Act 1948, Section 214: Nature of liability of contributory.


The liability of a contributory shall create a debt (in England of the nature of a specialty) accruing due from him at the time when his liability commenced, but payable at the times when calls are made for enforcing the liability.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/214 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-214
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.