252. Where a contributory becomes insolvent or bankrupt, either before or after he has been placed on the list of contributories
| (a) his assignee in insolvency or his trustee in rusty of member bankruptcy shall represent him for all the purposes of the winding up, and shall be a contributory accordingly, and may be called on to admit to proof against the estate of the insolvent or bankrupt, or otherwise to allow to be paid out of his assets in the due course of law, any money due from the insolvent or bankrupt in respect of his liability to contribute to the assets of the company ; and |
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| (b) there may be proved against the estate of the insolvent as bankrupt the estimated value of his liability to future calls as well as calls already made. |
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Sri Lanka Consolidated Acts