# Cable and Wireless Act 1946, Section 3: Consequential provisions as to operating company.


1)—(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) No petition shall be presented for the winding up of the operating company on the ground that the number of its members is less than the number required by law, nor shall any person be liable on that ground as a member of the company for the payment of any of its debts.
(5) Any dividends paid by the operating company on or after the appointed day on the shares transferred by this act shall be paid into the Exchequer . . .

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Source: https://www.legislation.gov.uk/ukpga/Geo6/9-10/82/section/3 (the official version)
Page: https://openlegislation.uk/cable-and-wireless-act-1946/section-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.