BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT - 1963 (ACT 180)

Section - 66 - Interpretation

In this Act unless the context otherwise requires,

"body corporate" means a corporation incorporated in Ghana or elsewhere, not being a company or a corporation sole such as an incorporated office;

"company" has the same meaning as in the Companies Code, 1963 (Act 179);

"contributory" includes any person liable to contribute to the assets of a company in the event of its being wound up, and any person alleged to be a contributory for the purposes of all proceedings for determining, and all proceedings prior to the final determination of, the persons who are to be deemed to be contributories;

"Court" means the High Court;

"Minister" means the Minister responsible for companies;

"official winding up" means a winding up under Part I of this Act;

"property" means movable or immovable property;

"provable debt" means an obligation, the value of which is capable of assessment in money, being,

(a) any obligation which, apart from this Act, would have been enforceable by the creditor against the company at the date on which the winding up commenced; or

(b) any existing or future obligation, other than an obligation unenforceable by virtue of the law relating to limitation of actions, which, by reason of some transaction which took place before the said date, might, apart from this Act, have become enforceable by the creditor against the company after that date,

and references in this Act to the value of a provable debt shall be references to its value apart from this Act on the said date;