# Companies Act 1948, Paragraph 11


The company shall have a first and paramount lien on every share (not being a fully paid share) for all moneys (whether presently payable or not) called or payable at a fixed time in respect of that share, and the company shall also have a first and paramount lien on all shares (other than fully paid shares) standing registered in the name of a single person for all moneys presently payable by him or his estate to the company ; but the directors may at any time declare any share to be wholly or in part exempt from the provisions of this regulation. The company's lien, if any, on a share shall extend to all dividends payable thereon.

---
Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/group/TABLEn1/group/TABLE/part/I/crossheading/lien/paragraph/11 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/group-TABLEn1/group-TABLE/part-I/crossheading-lien/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.