# Insolvency Act 1986, Section 78: Unlimited company formerly limited.

Extent: E+W+S

(1) This section applies in the case of a company being wound up which was at some former time registered as limited but has been re-registered as unlimited . . . .
(2) A person who, at the time when the application for the company to be re-registered was lodged, was a past member of the company and did not after that again become a member of it is not liable to contribute to the assets of the company more than he would have been liable to contribute had the company not been re-registered.

---
Source: https://www.legislation.gov.uk/ukpga/1986/45/section/78 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-78
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.