# Companies (Consolidation) Act 1908, Section 125: Nature of liability of contributory.


The liability of a contributory shall create a debt (in England and Ireland 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/Edw7/8/69/section/125 (the official version)
Page: https://openlegislation.uk/companies-consolidation-act-1908/section-125
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.