Section 1266
Statutory text (Thai original)
ถ้าผู้ชำระบัญชีมาพิจารณาเห็นว่า เมื่อเงินลงทุนหรือเงินค่าหุ้นได้ใช้เสร็จหมดแล้ว สินทรัพย์ก็ยังไม่พอกับหนี้สินไซร้ ผู้ชำระบัญชีต้องร้องขอต่อศาลทันที เพื่อให้ออกคำสั่งว่าห้างหุ้นส่วนหรือบริษัทนั้นล้มละลาย
Verbatim from the Royal Gazette / Office of the Council of State
English translation
If the liquidators find that after the whole of the contributions or shares has been paid up, the assets insufficient to meet the liabilities, they must apply at once to the Court to have the partnership or company declared bankrupt.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1266 is part of Book 3 (Specific Contracts) of the Thai Civil and Commercial Code. This entry is awaiting firm-authored commentary; the statutory text above is verbatim from the Office of the Council of State (OCS Krisdika) Thai source, with the English translation from the FAO/UN FAOLEX repository. Always rely on the Thai original for legal proceedings.
Cited in 3 Supreme Court decisions (1990 to 2015)
Selected citing decisions
- Decision 5683/2558 (2015)
- Decision 1431/2545 (2002)
- Decision 2445/2533 (1990)
This list is selected automatically, weighted towards judgments that turn on this section rather than ones that merely recite it when passing sentence. It has not yet been reviewed by the firm.
Counted across the firm's corpus of 83,652 Supreme Court decisions, 1921 to 2026. The count is complete; the stated year range trims rare outliers so it describes where the citations actually sit. These figures are computed by us and are not official court statistics. How we count these, and what we measured
Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1266 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1266. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1266/ (accessed 8 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1266 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1266/ -
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<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1266/"><p>If the liquidators find that after the whole of the contributions or shares has been paid up, the assets insufficient to meet the liabilities, they must apply at once to the Court to have the partnership or company declared bankrupt.</p><footer>Civil and Commercial Code, s. 1266 (Thailand) — <a href="https://www.thailawonline.com/thai-civil-code/section-1266/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.