# Companies Clauses Consolidation (Scotland) Act 1845, Section 37: Limiting responsibility of shareholders.


If the said company shall be incorporated, no person or corporation, nor the estate, real or personal, of any such person or corporation, who is or shall be a proprietor of the said incorporated company, shall be liable for or charged with the payment or any debt or demand whatsoever due or to become due by or from the said company beyond the extent of his or their share in the capital of the said company.

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Source: https://www.legislation.gov.uk/ukpga/Vict/8-9/17/section/37 (the official version)
Page: https://openlegislation.uk/companies-clauses-consolidation-scotland-act-1845/section-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.