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Contributory

winding-up order, and who are primarily liable to contribute, and another (the 'B list') of those who have ceased to be shareholders but have been shareholders within the twelve months previously, and who are liable in a

Cessante statu primitivo, cessat derivativus

Cessante statu primitivo, cessat derivativus [Lat.], The original estate ceasing, that which is derived from it ceases.

Cessante ratione legis cessatipsa lex

Cessante ratione legis cessatipsa lex. Co. Litt. 70 b.-(The reason of the law ceasing, the law itself ceases.) For illustration of this rule, see Broom's Lrg. Max.

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Cessante causa, cessat effectus

Cessante causa, cessat effectus [Lat.], When the cause ceases, the effect ceases.

B' List

by the Liquidator of a company on being wound up which includes the names of shareholders who are ceased to be, but they had been the shareholder during preceding twelve months and they are secondarily liable to

Reason

of Punjab, (1979) 2 SCC 368. The very life of law, for when the reason of law once ceases the law itself generally ceases, because reason is the foundation of all our laws, Co. Litt. 97 b,

Way

trespasser. Such a 'way of necessity' is limited by the necessity which created it; and when such necessity ceases, the right of way also ceases. See EASEMENTS. Disturbance of way happens when a person, who has a

Lin

To yield to stop to cease

Stock certificates

coupon shall be receivable (s. 30); that where a stock certificate is outstanding the stock represented thereby shall cease to be transferable in the Bank books (s. 31); that a tock certificate, unless a name is inscribed

Winding-up

its business and that it is advisable to wind up. Thereupon the business of the company is to cease except for the purposes of a beneficial winding-up, but the corporate estate and powers of the company shall

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