COMPANIES ACT 1963 – SECT 339 Continuation of existing actions

339.—(1) Subject to subsection (2), all actions and other legal proceedings which at the time of the registration of a company in pursuance of this Part are pending by or against the company, or the public officer or any member thereof, may be continued in the same manner as if the registration had not taken place.

(2) Execution shall not issue against the effects of any individual member of the company on any judgement, decree or order obtained in any such action or proceeding, but, in the event of the property and effects of the company being insufficient to satisfy the judgement, decree or order, an order may be obtained for winding up the company.