# Companies Clauses Consolidation Act 1845, Section 123: Dividend not to be paid unless all calls paid.


No dividend shall be paid in respect of any share until all calls then due in respect of that and every other share held by the person to whom such dividend may be payable shall have been paid.

---
Source: https://www.legislation.gov.uk/ukpga/Vict/8-9/16/section/123 (the official version)
Page: https://openlegislation.uk/companies-clauses-consolidation-act-1845/section-123
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.