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Section 39 Power of company to arrange for different amounts being paid on shares.

Original text. Later amendments are not shown.

A company, if so authorised by its articles, may do any one or more of the following things ; namely,—

(1)

Make arrangements on the issue of .shares for a difference between the shareholders in the amounts and times of payment of calls on their shares :

(2)

Accept from any member who assents thereto the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up :

(3)

Pay dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.