# Companies Act 1948, Paragraph 119


The directors may deduct from any dividend payable to any member all sums of money (if any) presently payable by him to the company on account of calls or otherwise in relation to the-shares of the company.

---
Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/paragraph/119 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/paragraph-119
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.