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Paragraph 32 Fixed Cumulative interest

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

If any fixed cumulative interest on the society’s subscribed capital is in arrears there shall be stated:

(a)

the amount of the arrears, and

(b)

the period for which the interest or, if there is more than one class of subscribed capital, each class of interest is in arrears.