(1) The statement of guarantee required to be delivered in the case of a company that is to be limited by guarantee must comply with this section.
(2) [deleted]
(3) It must state that each member undertakes that, if the company is wound up while he is a member, or within one year after he ceases to be a member, he will contribute to the assets of the company such amount as may be required for -
(a) payment of the debts and liabilities of the company contracted before he ceases to be a member,
(b) payment of the costs, charges and expenses of winding up, and
(c) adjustment of the rights of the contributories among themselves,