# Companies Act 1948, Section 60: Reserve liability of limited company.


A limited company may by special resolution determine that any portion of its share capital which has not been already called up shall not be capable of being called up except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital shall not be capable of being called up except in the event and for the purposes aforesaid.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/60 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-60
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.