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Section 33 Evidence as to forfeiture of shares.

England, Wales and Northern Ireland

A declaration in writing, by some credible person not interested in the matter, made F1before any justice, or before any master F2... of the High Court of Chancery, that the callbefore any justice or a person authorised to administer oaths, that the call in respect of a share was made and notice thereof given, and that default in payment of the call was made, and that the forfeiture of the share was declared and confirmed in manner herein-before required, shall be sufficient evidence of the facts therein stated; and such declaration, and the receipt of the treasurer of the company for the price of such share, shall constitute a good title to such share; and a certificate of proprietorship shall be delivered to such purchaser, and thereupon he shall be deemed the holder of such share, discharged from all calls due prior to such purchase; and he shall not be bound to see to the application of the purchase money, nor shall his title to such share be effected by any irregularity in the proceedings in reference to such sale.

Annotations

Textual amendments

F1

Words in s. 33 substituted (E.W.) (1.4.2005) by Courts Act 2003 (c. 39), s. 110(1), Sch. 8 para. 17; S.I. 2005/910, art. 3(y)

F2

Words in s. 33 repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 17 Group 5