58BLiability of directors to pay levy

58B Liability of directors to pay levy (a) a person— (i) is a director of a phoenix company; and (ii) was a director of a defunct company at the time the company made a creditor-defeating disposition; and (b) the levy payable by the defunct company under section 50 remains unpaid. (2) The authority may recover as a debt from the person— (a) the amount of the levy that remains unpaid; and (b) any interest payable under section 52 on the amount of the levy unpaid; and (c) any costs reasonably incurred by the authority in recovering the unpaid levy. (3) If 2 or more people are together and separately liable to pay an amount under subsection (2), the authority may recover the whole of the amount from them, or any of them, or any 1 of them. creditor-defeating disposition—see section 58A (a) (iii). defunct company—see section 58A (a). phoenix company—see section 58A (b).